Tuesday, March 16, 2010
The latest data shows a steady increase in prices for new homes in Canada, though lacking the dramatic kind of gains being seen in the resale market.
Statistics Canada's new-home price index, released Thursday, rose 0.4 per cent in January from the month before, the equal growth rate for the third consecutive month. It also marked the seventh straight monthly raise.
Home prices were up 0.1 per cent on an yearly basis in January, compared with a 0.9 per cent decline in December 2009.
"This was the first year-over-year increase since December 2008, mostly as a result of price reduces in Western Canada that were less pronounced this January than in previous months," Statistics Canada said in the report.
The largest monthly decrease in new-housing prices was recorded in the St. Catharines-Niagara region of Ontario, where prices fell by 0.4 per cent. Home prices in Charlottetown fell 0.2 per cent and in New Brunswick, Saint John, Fredericton and Moncton each registered rejects of 0.2 per cent.
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by World House Info @ 12:09 AM
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