Canada home prices rose for sixth consecutive month in August: Index

Housing prices across Canada rose in August, marking their sixth consecutive monthly rise, according to new data from the Teranet-National Bank House Price Index.

The index rose by 0.6 per cent from July to August prior to seasonal adjustments, and 1.6 per cent after seasonal adjustments were made.

All 11 metropolitan areas included in the index recorded home price increases in August, the first time that has happened since March 2021, according to a press release on the findings. The strongest growth was reported in Calgary at 3.5 per cent. Vancouver and Hamilton reported the second-strongest growth, at 2.8 and 2.4 per cent respectively.

The smallest increases were seen in Victoria at 0.2 per cent, and Winnipeg and Montreal at 0.7 per cent growth.