TORONTO PULLS DOWN NA­TIONAL COM­POS­ITE HOME PRICE IN­DEX

National Post (Latest Edition) - - FINANCIAL POST -

Fall­ing home prices in Toronto in Septem­ber dragged down the Ter­anet- Na­tional Bank na­tional com­pos­ite house price in­dex as it posted its first monthly de­cline since Jan­uary 2016. The na­tional in­dex, which in­cludes 11 cities, fell 0.8 per cent com­pared with the pre­vi­ous month. The move lower came as the in­dex for Toronto, Canada’s largest hous­ing mar­ket, fell 2.7 per cent on a month-over- month ba­sis. In ad­di­tion the price in­dex for Quebec City lost 2.3 per cent, while Hamilton slipped 1.9 per cent, Hal­i­fax dropped 0.4 per cent and Win­nipeg lost 0.3 per cent. The in­dex for Vic­to­ria was flat, while Van­cou­ver in­creased 1.3 per cent, Cal­gary added 0.7 per cent, Mon­treal climbed 0.3 per cent, Ot­tawaGatineau gained 0.3 per cent and Ed­mon­ton edged up 0.2 per cent.

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