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Home prices gains in Canada slow down

Dec. 9, 2010 at 12:31 PM

OTTAWA, Dec. 9 (UPI) -- Home prices in Canada rose 0.1 percent in October, half the rate of increases in the previous month, Statistics Canada said Thursday.

Prices in Saskatoon, Saskatchewan, rose the most, 0.8 percent. In Greater Sudbury and Thunder Bay, Ontario, prices rose 0.5 percent, the government's statistical office said.

Prices fell furthest in Calgary, Alberta, dropping 0.6 percent. In nine of 21 cities surveyed, prices were unchanged in the month.

In the past 12 months, Regina, Saskatchewan, has the greatest price growth with the home price index rising 0.6 percent.

Five cities in the past 12 months registered price declines: Charlottetown, Prince Edward Island; Victoria, British Columbia; and Greater Sudbury, Thunder Bay and Windsor, Ontario.

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