The Teranet-National Bank Composite Home Price Index (HPI), which measure changes from repeat sales of single-family homes, showed prices moved 0.2% higher in November, when compared with October. It was a “good showing” for November, said National Bank of Canada’s senior economist Marc Pinsonneault. The HPI has declined in 7 of the past 10 Novembers, according to Pinsonneault. The Bank of Canada has left interest rates on hold this year despite easing by some global peers.
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Canadian home prices rise in November, beating seasonal trend