Canadian housing market growth to moderate in 2012
This content is archived.
Canada’s housing market remains strong, despite moderate economic growth in the first quarter of 2012. But the housing market is expected to slow during the rest of 2012.
The national house price index rose by 6.39% (5.08% in real terms) during the year to end-May 2012,, according to Teranet-National Bank of Canada. Canadian Real Estate Association (CREA) figures also showed quite strong house price increases, with the MLS Home Price Index (HPI) rising 5.2% during the year to May 2012, to a benchmark price of CA$451,900 (US$438,610).
The rest of this archived report is part of Full Access.
