Teranet’s House Price Index says Canadian home prices in October up 0.6% from year earlier…first 12-month rise in 10 months…”In only six months, the composite index has regained almost all of the ground lost during the recession, proving that home price correction in Canada had nothing in common with the one…in the U.S.,” said Marc Pinsonneault, an economist at National Bank Financial…

Some individuals are questioning why the House Price Index by Teranet is at odds with other home price measure that have shown a more robust turn around…

Financial Post)

Resale prices for Canadian homes rose for a sixth consecutive month in October — and were up on an annual basis for the first time in nearly a year — as the country’s real estate market continued to recover from recessionary lows, according to a report released Wednesday.

The Teranet-National Bank resale house price index of major markets increased 1.27% during the month from September. Year-over-year, prices were up 0.57% — marking the first rise in 10 months.

Read the full article “Home prices see first annual rise in 10 months” in the Financial Post (December 30, 2009).

Read the December 2009 – Monthly Report at the Teranet – National Bank House Price Index Website (Dec 29, 2009).

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