Skip to main content

Real estate signs in front of a Montreal condo on Sept. 27, 2011 in Montreal.

Ryan Remiorz/The Canadian Press

The Teranet-National Bank house price index was up almost 0.8 per cent in August, with the strongest gains in Winnipeg, the Ottawa-Gatineau region and Toronto.

It was the second consecutive month in which prices were up in 10 of the 11 Canadian metropolitan markets surveyed.

Montreal was the only city that declined, falling 0.1 per cent from July.

Story continues below advertisement

The overall pricing index was up 5 per cent in August from a year earlier, according to Teranet.

Calgary had the biggest year-over-year gain at 7.9 per cent while the only city with a decline was Quebec, which fell 0.1 per cent.

TD Securities economic analyst Admir Kolaj said August's index shows that home price growth continues to outstrip income growth.

"What's more, the solid performance of the housing market through 2014 has occurred despite moderate employment gains of about 10,000 a month, on average," he said in a research note.

"Looking ahead, a moderate employment picture and gradually rising interest rates suggest that the accelerating trend in home price growth may not be sustained."

Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter