Canada's housing market continues to slow
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The pace of house price rises in Canada has slowed sharply, due to several rounds of government market-cooling measures, and the slowing economy. House prices in Canada’s eleven major cities rose by 2% during the year to May 2013 (1.5% inflation-adjusted), the lowest year-on-year increase since October 2009, based on figures from Teranet – National Bank of Canada.
Of Canada’s eleven major cities, nine saw house prices rise during the year to end-May 2013.
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