Feb 23,2010

Canada’s housing market is getting back its groove with prices up 0.3% in December from the previous month.

According to Teranet’s The House Price Index, the December price rise follows three consecutive months of declines that had ended an unbroken run of 16 increases.

December prices were up from the previous month in five of the six metropolitan markets surveyed. Only Ottawa saw a decline in prices with a drop of 0.4% from the previous month.

The biggest gainer was Halifax with an impressive 3.6% month over month jump.

Annual price changes are as follows:

Calgary -2.9% (The Biggest Loser)

Halifax 8.5% (The Big Winner)

Montreal 6.4%

Ottawa 6.3%

Toronto 4.0%

Vancouver 5.1%

National Composite 4.1%

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