Thursday, April 30, 2009
Housing In Montreal Bucks Trend
From Montreal Gazette:
Montreal bucked the national trend in February with home prices rising 3.2 per cent while the Canadian average dipped 4.1 per cent from a year ago, according to the Teranet-National Bank National Composite House Price Index that measures the rate of change of prices for single-family homes in six metropolitan areas.
The latest survey results released today also show prices were down 7.4 percent nationally from the peak hit in August last year.
Ottawa was the only other major Canadian city to experience an increase with 2.8 per cent over February 2008.
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