Canadian Home Prices Rise in November

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.