Globe and Mail
Canadian home prices hit record in May
Canadian home prices got a boost in May, hitting a record high, according to the Teranet National Bank house price index. Prices were up 0.8 per cent in May from April. Halifax, where prices had fallen in the early months of this year, had its strongest month-to-month price gain ever, with an increase of 3.1 per cent. Calgary's prices hit a record high after four consecutive months in which price gains topped 1 per cent. Prices in Hamilton and Toronto also reached record levels.