Canada Economics

Canada Data Response

13 December, 2017

Teranet-National Bank House Prices (Nov.)

The third consecutive monthly decline in the composite house price index in November led to a further slowdown in the rate of annual house price inflation to 10.0%, from 11.4%. The recent slump in home sales, increases in interest rates and tougher mortgage lending rules at the start of next year will cause a further slowdown in 2018.

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