Canadian August house price index from Teranet/National Bank
– Prior 10.9%
– +1.5% m/m
– Prior m/m reading +2.0%
For August, Teranet reported that prices were up 25.75% y/y in Vancouver. In month-over-month terms Vancouver prices were still up 1.75% despite a 15% foreign buyers tax that went into effect Aug 2.
