Canada Flip Flop Home Price

October 16, 2013 1:13 am

All kind of news today, some say home prices are soaring, some say it’s dying of some sort … Overall, good news – It’s booming still.

Canadian Home Prices Surge 8.8 Per Cent, Led By Toronto, Vancouver, CREA Says

Huffington Post Canada

OTTAWA — Canadian home sales posted a small month-over-month increase in September as the national average sale price rose but the number of new listings declined, according to the Canadian Real Estate Association …

Canadian home prices flat in September: Teranet

Reuters Canada

TORONTO (Reuters) – Canadian home prices were unchanged in September after hitting a record high the month before, suggesting the housing market is cooling, the Teranet-National Bank Composite House Price Index showed on Tuesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices were flat last month from August. House prices normally average a gain of 0.2 percent in September, according to Teranet.

Still, the index was up 2.7 percent on an annual basis due to a decline in prices in September 2012.

Who to believe ?

Calgary house price growth tops national average

Calgary Herald

CALGARY – Price growth for repeat home sales in Calgary topped the national average in September and was the second highest year-over-year hike in the country.

September home sales soar

The Globe and Mail Rising mortgage rates are fuelling home sales. They also appear to be curbing price growth as buyers drive tougher bargains. The number of …

“Over the entire course of next year, I expect the five-year yield to go from 2.05 to 2.55 per cent, so I think the balance of risks are that, in 2014, fixed mortgage rates will creep up a little bit,” he said.