Canadian Home Prices Reach Record Highs

Canada Gay Real EstateHome prices reached a record high in July, rising 1.3% from the previous month, according to a real estate survey of repeat home sales. The Teranet-National Bank House Price Index, released Wednesday, showed prices have risen eight straight months in Canada. Overall prices are up 5.3% from a year earlier.

Prices rose 2.3% in Calgary, 1.7% in Toronto, 1% in Ottawa, 0.9% in Vancouver, 0.5% in Montreal, while declining 0.9% in Halifax. Five of the six metropolitan cities covered in the index hit record highs.

For Vancouver, July marked the 10th straight month of price increases, currently the longest run of any market, according to Teranet. Calgary’s index is still 8.8% down from its all-time high of August 2007, and down 0.9% from its pre-correction peak of 2010.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Full Story from Canadian Real Estate Magazine

Click here for gay realtors, mortgage lenders, and other real estate professionals in Canada.

If you have a gay real estate story that you’d like to share with us, contact us at [email protected]