Canadian home prices see robust gain in April, led by Ottawa-Gatineau

This translation has been automatically generated and has not been verified for accuracy.Canadian home prices rose in April at a stronger than usual clip for the month, with widespread gains led by the metropolitan markets of Ottawa-Gatineau and Toronto, data showed on Wednesday.

The price increase in April was double the average gain for the month over the past 10 years, which was also the case in February and March, said Marc Pinsonneault, a senior economist at National Bank of Canada.Restrictive measures were in place across Canada in April to help contain the coronavirus outbreak but data from land registries could lag the timing of sales transactions.

Prices rose in 10 of the 11 metropolitan areas in the index, with the national capital region of Ottawa-Gatineau up 2.4 per cent and Toronto, Canada’s most populous metropolitan area, gaining 2.0 per cent. Edmonton was flat.

globebusiness Apparently CERB made a deep crack into real estate market.

globebusiness With an all time unemployment rate, and uncertainty in the economy? It has to be people from 'one country' buy house here.

globebusiness R u kidding me ?whose buying ... none !!! Fake news

globebusiness Zero house sales.

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