Canadian home prices got a boost in May, hitting a record high, according to the Teranet National Bank house price index.

Prices were up 0.8 per cent in May from April.

Halifax, where prices had fallen in the early months of this year, had its strongest month-to-month price gain ever, with an increase of 3.1 per cent. Calgary’s prices hit a record high after four consecutive months in which price gains topped 1 per cent. Prices in Hamilton and Toronto also reached record levels.

The growth in national home prices was not driven by Vancouver this time, with that city’s prices remaining flat after 12 months in a row of increases.

Continue to read on The Globe and Mail