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For sale signs are seen outside homes for sale in the Kitsilano neighborhood in Vancouver, B.C., on Tuesday September 18, 2012.
For sale signs are seen outside homes for sale in the Kitsilano neighborhood in Vancouver, B.C., on Tuesday September 18, 2012.
(DARRYL DYCK For The Globe and Mail)

Home prices see weakest August increase in 12 years

TARA PERKINS

 — The Globe and Mail

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Last updated

Home prices rose just 0.2 per cent in August from July, the smallest increase for the month of August in 12 years, according to the Teranet-National Bank National Composite House Price Index.

Prices declined in three of the 11 metropolitan housing markets that were surveyed. In Vancouver they dropped 1.2 per cent, in Victoria 0.7 per cent, and in Quebec City 0.6 per cent.