According to statistics released by The Canadian Real Estate Association (CREA), the MLS® Home Price Index, the leading measure of Canadian home prices, increased in May 2012.
Highlights:
• The Aggregate Composite MLS® Home Price Index rose 5.2% on a year-over-year basis in May 2012.
• Prices rose further in all five markets and in every Benchmark home category tracked by the index.
• Price increases were biggest in Greater Toronto (7.9%), followed by Calgary (4.8%), Greater Vancouver (3.3%), the Fraser Valley (2.4%), and Montreal (2.2%).
• One-and two-storey single family homes continued to post the biggest year-over-year gains (5.8% and 6.7% respectively), followed by townhouse units (3.3%) and apartment units (2.9%).
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