Home Price Trends Continue To Diverge In April
OTTAWA – May 25th, 2012 – According to statistics released today by The Canadian Real Estate Association (CREA), the MLS Home Price Index, the leading measure of Canadian home prices, increased in April 2012.
The MLS Home Price Index (MLS HPI) rose 5.2 per cent year-over-year in April 2012. The increase was similar to those for the previous two months and among the smallest since last August. However, the moderation in overall price gains in recent months masks diverging trends among the major Canadian markets.