2017-03-14

Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed on Tuesday in a report that was unlikely to alleviate concerns from some quarters that the city is facing a real estate bubble, Reuters reported. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 1% from January. It was the largest February increase on record for the index going back 18 years as prices in Toronto jumped 1.9%. In nearby Hamilton, where home values have been boosted as buyers are forced out of Toronto, prices were up 1.4%.

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