Canada's House Price Index Down 5.5% From Peak

John Pasalis in Toronto Real Estate News

Canadian home prices fell 2.4% in January 2009 led by declines in Calgary (-8.2%) and Vancouver (-4.2%).  The Teranet-National Bank House Price Index showed a modest decline in house prices in Toronto (-2.4%) and price appreciation in Montreal (4.1%), Ottawa (2.1%) and Halifax (1.2%).

National house prices are down 5.5% from their peak in August 2008 with Toronto showing a 6.1% drop from its peak.



John Pasalis is the Broker of Record of Realosophy Realty Inc in Toronto. Email John

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