The Teranet-National Bank’s house price index reveals a 1.1 per cent rise in prices in July compared to the previous month.

The index tracks 11 cities and nearly all saw increases with Victoria, Ottawa, Toronto and Quebec City recording the biggest rises. Winnipeg was the only city to see decline, for the third month in a row.

The city tops the index though, having seen an increase of 94.21 per cent since 2005. Calgary, Toronto, Hamilton and Vancouver have seen the biggest year-over-year increases; Edmonton, Victoria and Montreal had modest rises; while Winnipeg, Ottawa, Quebec City and Halifax have all seen prices drop over the year.

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