The Teranet-National Bank House Price Index for August was released overnight, which shows that Canadian house price growth has stalled, growing at the slowest annual rate since the Global Financial Crisis (GFC):
In the year to August, Canadian home values rose by just 1.4% – the slowest growth since October 2009. This growth was driven by Vancouver (+7.6%) and Montreal (-4.8%), whereas values in Canada’s biggest city – Toronto – fell by 3.3%.
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