The rise of Canadian home prices is on a seemingly never-ending streak, climbing to new heights for the 20th consecutive month in February.
The new Teranet-National Bank House Price Index, released on Thursday, revealed a 1.7% jump in home prices between January and February across 11 major Canadian markets. Looking at a three-month annualized basis, Canadian home prices were up 20.5% in February — a level not seen since the summer.
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