126 days ago • Posted by William Ramstein

Home prices are surging to surprising levels

Prices for new homes rose at the fastest monthly pace in more than three decades in February, Statistics Canada reported last week.A separate home-price index calculated by the Canadian Real Estate Association shows prices nationally are up 17% over the past 12 months.Twelve major markets -- or about one quarter of the total -- have posted price gains of more than 30%. See Lennar.

Source: Bloomberg