Canadian home prices continue to rise, despite new regulations on foreign buyers in some markets and concerns of a real estate bubble. Prices across Canada were up 13.4 percent compared to a year ago, the biggest 12-month increase since November 2006, indicating strong growth and recovery after the global financial crisis.
Image source HousePriceIndex.ca Teranet – National Bank House Price Index
The Toronto market continued to defy expectations, showing home prices rising for the 13th straight month, despite tighter mortgage lending rules. Reuters reports that some economists worry that the market could turn into a bubble if further regulations are not put in place to help control prices.
Read the full article written by Leah Schnurr (edited by Jonathan Oatis) on Reuters.com
See more details of the report on the Canadian Housing Marketing from Teranet – National Bank