Cynthia Culhane Lifelong Calgarian Serving Calgarians!!

403-999-3720
Cynthia Culhane
Direct:403-999-3720
Fax:403-366-5340
CIR Realty
#130, 703 64th Avenue SE
Calgary, AB
T2H 2C3

Why Sign Up?

  • Save your Listing Searches
  • Email Alerts on new Listings
  • See new listings sooner
  • Tag your Favourites for later

Already A Member?

Canada’s new home prices rise more than expected

OTTAWA — The prices of new homes in Canada rose by 0.3% in March from February, the 12th consecutive monthly increase, Statistics Canada said on Thursday.

 

The increase was slightly greater than the 0.2% advance predicted by market operators. Compared with March 2011 the index rose by 2.6%, up from the 2.3% year-on-year growth recorded in February.

 

The metropolitan region of Toronto and Oshawa, representing 26.6% of the overall market, was the top contributor to the month-on-month advance, growing by 0.6% on good market conditions and increased demand.

 

The most significant monthly price decline was the 0.7% drop recorded in the British Columbia capital Victoria, where competitive market conditions prompted builders to lower their prices.

 

Overall, prices were up in 11 regions in March, held steady in seven, and dropped in three.

Comments:
No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.