Thursday, December 31, 2009

Home prices see first annual rise in 10 months

Toronto and Vancouver markets led the gains, rising 1.6% and 1.8%, respectively. Calgary climbed 0.8%. Halifax, Ottawa and Montreal showed modest increases of 0.4%, 0.3%, and 0.3%, respectively.

OTTAWA -- 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.

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