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Winnipeg Free Press - PRINT EDITION
Toronto, Calgary lead in rising home prices
OTTAWA -- Toronto and Calgary led the country in rising home prices last month, according to the Canadian Real Estate Association.
The MLS Home Price Index stood at 154.7 in April, up 5.2 percentage points nationally from a year ago and up 1.18 points from March.
Toronto had the biggest year-to-year jump while Calgary led the country on a month-to-month basis.
"Canadian home price gains are generally expected to moderate, but there are a few hot spots where prices are being fuelled by some strong housing market fundamentals," association president Wayne Moen said in a news release.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition May 26, 2012 B11
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