A recent Real Estate report showed Canadian home prices rose for the sixth consecutive month in October. The Teranet-National Bank resale home price index of major markets is based on homes that have sold at least twice rather than other reports that survey all resale homes. In fact the Toronto Condo market has many Condos selling for the first time and these figures differ greatly from the National Bank index.
In this index Toronto and Vancouver led the gains in resale homes and Calgary, Ottawa and Montreal showed modest gains.
The biggest monthly resale home gains were Toronto up 1.6 per cent and Vancouver up 1.8 per cent.
This index appears to show a much slower turnaround that is at odds with other surveys by The Canadian Real Estate Association, CMHC, and The Toronto Real Estate Board's mid month and monthly reports.
Here is look at current Toronto Real Estate listings with new and resale Condos, Homes and Lofts.