June 25, 2022

Canadian dwelling value development accelerated once more in April, with annual value beneficial properties breaking the document set final 12 months, index knowledge confirmed on Wednesday.

The Nationwide Financial institution Composite Home Worth Index, which tracks repeat gross sales of single-family properties in main Canadian markets, rose 2.7 per cent in April, up from a 2.1 per cent achieve in March. The info is just not seasonally adjusted.

On an annual foundation, dwelling costs gained 18.8 per cent, smashing the earlier document 18.4 per cent set in August, 2021, which it matched final month. Costs rose 12 months over 12 months in all 11 main markets, with Halifax, Nova Scotia and Hamilton, Ont. posting the strongest beneficial properties.

On a month-to-month foundation, 10 of 11 main markets posted beneficial properties, led by Halifax and the Ottawa-Gatineau capital area. Costs in Edmonton, Alta. bucked the pattern, declining 0.7 per cent on the month.

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