Home Prices Edge Higher in January

OTTAWA – February 6th, 2012 The MLS® Home Price Index rebounded in January following monthly declines in each of the two previous months, according to statistics released today by The Canadian Real Estate Association (CREA).

The MLS® HPI is designed to be a reliable, consistent, detailed, and timely way of gauging home price trends. It is calculated each month and covers five major housing markets: Greater Vancouver, Fraser Valley, Calgary, Greater Toronto, and Greater Montreal, with additional markets to come. It is generated and published under agreements between The Canadian Real Estate Association, the five boards listed above, and Altus Group.

 Please visit – www.homepriceindex.ca

Here is the composite for the GTA Housing Price Index charted.

Ad you can see the rate of increase has decelerated heading into 2012.