Branch condos oakville . The Canadian house price index rose 2.8% in May. The highest monthly increase in 22 years. In Ottawa-Gatino and Halifax, they rose 4.9% and 4.3%, respectively.Please Visit: branch condos oakville to Get Your VVIP Registration Today!
And Hamilton and Toronto also rose 2.8% last month, driven by 3.7% and 3.4% respectively, the highest monthly increase since 1999.
The report pointed out that this is the third month in a row that the composite index growth of 11 major cities is higher than that of the previous month. The national composite index for May was 269.07, up 13.7% from the same period last year and the strongest 12 months since July 2017. Halifax has led the country with an increase of 29.9% in the past 12 months, with Ottawa-Gatino up 22.8%, Victoria up 17%, Victoria up 15.3%, and Toronto maintaining the national average with an increase of 13.7%. Growth of 11.9% to 3.6% in Vancouver, Winnipeg, Quebec City, Calgary and Edmonton lagged behind the national average.
The monthly indices of seven towns in the Golden Horseshoe region of Ontario, including Barry, Guihu, Binford, Kitchena, St. Jaffrey, O’Shahua and Petersburg, all increased compared with the same period last year. Barry, which grew the most, rose 31.4%, while Bingford, the least, rose 27.6% over the past year.
The monthly house price indices of London, Kingston, Belleville, Windsor, Thunder Bay and Shambili, which are not part of Ontario’s six composite indices, have all risen compared with the same period last year. Belleville, which had the highest increase, rose 30.9 per cent, while Thunder Bay, the lowest, rose 17.4 per cent.
Abosford-Misson in British Columbia rose 4.55% in a single month, up 25.16% over the same period last year, and Keelung Nathan rose 2.99% in a month, up 15.44% over the same period last year.
The National Bank Housing Price Composite Index is based on June 2005. The Hamilton index was 322.53 in May, reflecting a 222.53 per cent rise in home prices last month from June 2005.