[thistleclub]

Vancouver, Toronto, Hamilton see eye-popping home price increases in past year
(The Globe & Mail, Michael Babad, Nov 12 2015)

If you needed more evidence of where the action is, the latest reading of Canadian home prices spells it out.

Values rose in Vancouver by 0.6 per cent in October from September, and in Toronto by 0.3 per cent, according to the Teranet-National Bank home price index released today.

But it’s the year-over-year figures that are eye-popping: 9.8 per cent in Vancouver and 9.3 per cent in Toronto and nearby Hamilton.

Those are the three cities that have seen prices surge repeatedly, and in the case of Vancouver and Toronto have led to warnings about the froth in the markets.


Read it in full here.