Most Canadian Markets Saw Home Price Drop in November

Most Canadian Markets Saw Home Price Drop in NovemberA widely followed index of Canadian housing prices shows home prices fell in November over the month before, in 10 of 11 major markets tracked.

The Teranet-National Bank House Price Index found that prices in its 11-city composite dropped 0.4 per cent from October’s level.

“It was the fourth November monthly decline in 13 years of data, including November 2008 when the country was on the verge of recession,” the Teranet-National Bank analysis said.

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