Jan
16
Canada Home Prices End 2016 With Slowest Gain in Two Years
ByResidential housing stands in the downtown area of Whitehorse, Yukon.
Photographer: Ben Nelms/Bloomberg
Canadian home prices rose in December at the slowest pace in two years, adding to evidence the nation’s housing market is cooling.
Prices rose 0.1 percent from the prior month, the Canadian Real Estate Association said Monday, citing its benchmark home indexes. That’s the slowest pace since November 2014.
With Toronto and Victoria the only pockets of strength, the data suggest recent steps by policy makers to curb demand are working…