Big jump for house price index

There was the largest jump for the Teranet-National Bank House Price Index in March in more than 10 years.

The index was up 13.5 per cent as prices in Toronto (24.8 per cent), Hamilton (21.5 per cent), Victoria (18 per cent) and Vancouver (12.2 per cent) gained strongly year-over-year. For the month, the index gained 0.9 per cent with Hamilton and Toronto leading the gains.

Ottawa-Gatineau, Calgary, Halifax, Edmonton and Quebec City all saw prices decline.

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