Canadian house prices were up on a month-to-month basis in April (0.8%) and March (0.5%), according to the Teranet-National Bank National Composite House Price Index released today (May 30). On a 12-month basis, the composite index was 5.9% higher in April.
For years we’ve listened to housing perma-bears Garth Turner and Ben Rabidoux warn of a collapse in housing prices. But those stubborn price indexes just aren’t co-operating. When is Armageddon ever going to descend? ... Read more here: When will housing Armageddon arrive? | CanadianBusiness.com
