Home prices are still 6.4% above their pre-recession peak, the Teranet-National Bank House Price Index shows.

Prices climbed 0.5% in July from a month earlier, marking the 15th consecutive increase, National Bank said, though for the first time in four months not all regions shared in the gain. Prices in Vancouver dipped, the bank noted. 

 

Over last year, the index was up 12.4%, compared to 13.6% a month earlier. “July’s rise is the weakest in four months, but it nevertheless continues the best string of consecutive monthly price increases since October 2006,” Senior Economist Marc Pinsonneault said in a research note. 

 

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