Canadian Real Estate Shows Resilience

Home prices are holding up during the coronavirus pandemic despite lockdowns. The most recent sign of resiliency comes from the Teranet-National Bank House Price Index for April, a composite of 11 major markets, is up 5.3 per cent from a year earlier. It’s up 1.3 cent compared to the previous month, but the report acknowledged prices could fall in the months ahead. Among the 11 Indexes included in the composite index and the 14 other indexes available, April showed the fewest monthly declines (two out of 25) since last June, read the report.