12 Jul Canada housing prices show signs of stabilizing, reports suggest.
Original article via Globe and Mail. Click here to read.
Canadian home prices rose in June from May, pushing prices just barely above their 2017 peak, while new home prices were flat again in May, according to separate reports on Thursday that signaled a housing market swoon may be stabilizing.
The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices increased 0.9 per cent on a monthly basis as prices rose in 10 of the 11 markets surveyed.