Statistics Canada says contractors' selling prices for new homes rose 0.1 per cent in August following a 0.3 per cent increase in July.
On a year-over-year basis, however, new house prices were still down 3.1 per cent from 2008, with Edmonton recording an 11.4 per cent drop and Victoria down 10 per cent.
The report says prices rose 1.1 per cent in St. John's, between July and August, the largest monthly increase in the country.
Quebec City saw a month-to-month price increase of 0.9 per cent amid rising costs for labour and material, while Regina prices rose 0.8 per cent.
Hamilton saw a 0.5 per cent drop, while prices were off 0.4 per cent in Windsor and 0.3 per cent in Edmonton.
St. John's also recorded a year-over-year increase of 7.5 per cent, its 10th consecutive month of annual increases.
New housing prices rose again in August
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Published on
October 13, 2009
- Published on July 1, 2010
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The Canadian Press ~ The News
St. Johns sees largest monthly increase in Canada
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- Top of the page
Comments
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- Gerald
- - July 2, 2010 at 14:55:46
Hey Nasty Nate....I'm not in Williams' back pocket but I can afford one of those houses because I actually went to university, got a degree and then a decent job.
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- Nasty
- - July 2, 2010 at 14:53:59
And just think, the highest unemployment in Canada. Makes sense that no one will ever be able to afford these unless they are in Williams back pocket.
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- Dave
- - July 2, 2010 at 14:53:50
Taxpayer from NL. You got your first negative . Dependable Nasty Nate.
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- Telling it
- - July 2, 2010 at 14:50:33
In related news, I'm still earning the same salary.
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- Taxpayer
- - July 2, 2010 at 14:42:30
It will be interesting to see how the haters put a negative spin on this one. St.john's highest month to month increase in house prices in the country, as well as 10 consecutive months of increases through the worst recession in recent years.
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- Gerald
- - July 1, 2010 at 21:42:17
Hey Nasty Nate....I'm not in Williams' back pocket but I can afford one of those houses because I actually went to university, got a degree and then a decent job.
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- Nasty
- - July 1, 2010 at 21:39:17
And just think, the highest unemployment in Canada. Makes sense that no one will ever be able to afford these unless they are in Williams back pocket.
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- Dave
- - July 1, 2010 at 21:39:03
Taxpayer from NL. You got your first negative . Dependable Nasty Nate.
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- Telling it
- - July 1, 2010 at 21:33:23
In related news, I'm still earning the same salary.
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- Taxpayer
- - July 1, 2010 at 21:19:48
It will be interesting to see how the haters put a negative spin on this one. St.john's highest month to month increase in house prices in the country, as well as 10 consecutive months of increases through the worst recession in recent years.
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