New-housing prices rise

Montreal house for sale.

Montreal house for sale. For The Globe and Mail

Climbed 0.4 per cent in November following 0.3-per-cent increase in October

 

The New Housing Price Index rose 0.4 per cent in November following a 0.3-per-cent increase in October.

Statistics Canada reports the monthly index has been steadily increasing since July.

Between October and November, prices increased the most in St. Catharines – Niagara (up 1.4 per cent), Quebec City (0.9) and St. John’s and Windsor (both up 0.7 per cent).

Of the 21 cities surveyed, three recorded monthly declines in new housing prices: Hamilton and Saskatoon (both down 0.2 per cent), and Greater Sudbury and Thunder Bay (both down 0.1).

Year over year, the New Housing Price Index was down 1.4 per cent in November following a 2.1-per-cent decline in October.

New housing prices continued to fall in Western Canada, although at a slower pace than in previous months.

More to come…

 


Source: The Canadian Press |

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Dear Readers, I am a dedicated Toronto, Ontario based real estate professional who has been successfully meeting and exceeding the needs of his clients for past several years. I am actively involved in the insurance, financing, and mortgage industry. Real estate is not only my career – it is my passion. I strive to continuously provide my clients with exceptional service to ensure they are fully satisfied when it comes to their real estate needs. For any real estate related inquires contact me today, I will be happy to assist you. Best wishes, Tariq Sultan

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