The latest home index report from National Bank shows monthly price gains slowing.

The decline of home prices in 2009 changed all the year to date comparisons, reflecting higher increases for 2010.

On a monthly basis average home prices were up 0.3% in March, in February the prices were up 0.2% marking the slowest pace of price gains in almost a year.

The resale-home market across Canada is starting to see more MLS listings coming on to the Real Estate Markets and prices starting to cool.

Homes have been coming on to the Markets faster than they are selling.

Toronto and Vancouver were up in 15.5% and 14.4% from a year earlier in March. other Real Estate Markets like Calgary, Halifax, Montreal and Ottawa recorded gains of less than 8%.

The Canadian Real Estate Association reported that rising Canadian Home prices recently have outpaced the growth of incomes and some "stabilization" in these Real Estate Markets is due to allow incomes to catch up.

Current Toronto MLS listings search by Google Map can be found on our Toronto Real Estate web site.

Related:

Toronto Real Estate Mid-May Results

Toronto Home Sales To Moderate