Canadian home prices rise 0.6% in November

• Composite Index up 0.6% m/m, accelerating from October’s 0.4%
• Year-over-year increase of 2.4%, up from 1.4% in October
• Prices have gained 2.2% since BoC’s first rate cut in June

Year-over-year standouts:

• Quebec City: +11.8%
• Calgary: +9.8%
• Montreal: +6.8%
• Victoria: -1.3%
• Toronto: -0.3%

This article was written by Adam Button at www.forexlive.com.