Universal City 3 Condos . Canadian house price index fell in 9 of 11 districts in February! The National Bank’s composite home price index (Teranet-National Bank Composite House Price Index) fell 0.4 per cent in February from January.Please Visit: Universal City 3 Condos to Get Your VVIP Registration Today!
Apart from the 2009 recession, it was the biggest decline in February in the past 19 years. Nine of the country’s 11 major real estate markets fell by 0.03% to 2.0%.
There has been a decline in all five cities in Ghazi. Calgary’s cumulative decline for eight consecutive months was 3.2%. Vancouver fell by 3.9% for seven months. Edmonton and Victoria also fell for six and five months in a row, with decreases of 3.5 per cent and 2.5 per cent respectively.
Hamilton, in central Canada, did not rise for five months, down 2.3%. Ottawa-Gatino rebounded in the past five months, down 0.8 per cent. Mandi can continue to rise against the market, only a monthly decline in the past 11 months, a cumulative increase of 5.3%.
However, compared with the same period last year, only Calgary, Edmonton and Vancouver fell by 2.7% to 1.1% respectively. Ottawa-Gatino had the highest increase of 6.0%, followed by 5.2% of Mandike and 3.56% of Toronto. The overall composite index rose 1.9% over the same period last year.
The index of other towns in the Golden Horseshoe region of Ontario, with the exception of Petersburg and Binford, rose 0.5% and 1.5% respectively, while Kezina, St. Jaffrey, Oshawa and Guihu fell between 1.3% and 0.3%. The index in Bari is flat.
The National Bank Housing Price Composite Index is based on house prices in June 2005 as a benchmark of 100. Toronto’s index was 244.62 in February, reflecting a 144.62 per cent rise in property prices from a year earlier.