Canada’s house prices on steady rise – The Globe and Mail

Canada’s house prices on steady rise

mortgage regulation

WINNIPEG, MB – February 16, 2010 – Winnipeg real estate signs Tuesday, February 16, 2010. For a story on today’s federal government announcement regarding the increased regulation on mortgages. John Woods/THE GLOBE AND MAIL

Index posts first year-over-year increase since December 2008

Canada’s new Housing Price Index rose 0.4 per cent for the third straight month in January.

Statistics Canada reports St. John’s, N.L., led the way at 1.7 per cent growth, followed by Winnipeg (0.7), and Toronto and Oshawa (0.6).

Ottawa–Gatineau, Saskatoon and Calgary all registered 0.5 per cent increases.

The largest monthly decrease in new housing prices was recorded in St. Catharines–Niagara, at a 0.4 per cent drop.

Charlottetown as well as Saint John, Fredericton and Moncton, N.B., all registered 0.2 per cent declines.

Year over year, the New Housing Price Index was up 0.1 per cent in January, the first year-over-year increase since December 2008.

Posted via web from Toronto Real Estate News | Blog

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About Tariq Sultan
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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