House price updates
House prices barely budge; building permits drop.
Canadian house prices barely budged in November according to Statistics Canada. The house price index rose 0.1% that month following a 0.2% increase in October. The highest increase was in London, Ont. where the index rose 0.6% and the greatest drop was in Victoria, B.C. with a 0.5% decrease.
StatsCan also reported on the number of municipalities issuing building permits in Nov. Building permits totally $6.2 billion, down 17.9% from Oct. and the lowest performance since Jan. 2012. The building permit decrease follows a 15.9% increase in October.