Single-family home prices rose 1.2 per cent in April from the previous month. The Teranet-National Bank Composite House Price Index recorded the largest April increase since 2008.

Vancouver prices were up 2.2 per cent and in Toronto there was a 1.4 per cent gain. Calgary halted decline over the previous 6 months with a 0.2 per cent rise but Edmonton prices slipped 0.1 per cent.

Year-over-year the price of single-family homes nationwide were up 8 per cent.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: