Downtown Toronto Real Estate Market
Canada homes showed an increase in March for a fourth straight month in nearly all the larger Canadian cities tracked by Teranet-National Bank Composite House Price Index.
The index showed price changes in the following Real Estate markets:
- Montreal up 1.2 per cent
- Toronto up 0.6 per cent
- Vancouver up 0.6 per cent
- Ottawa up 0.4 per cent
- Halifax up 0.4 per cent
Housing in Canada, has recovered from the world financial crisis and is helping the economy with positive gains.
The overall resale home price in Canada was 4.1 per cent from one year ago, however analysts expect the Canadian housing market to ease as higher interest rates are expected later in the year.
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