Saturday, June 10, 2006
Canucks are paying more for New Houses
House prices rise at fastest rate since 1989
Last Updated Thu, 08 Jun 2006 09:51:16 EDT
CBC News
The price of a new home in Canada rose by the fastest rate in 17 years in April, led by Calgary, the nation's hottest housing market.
Demand keeps rising for new housing in most Canadian centres. (CBC)
Homebuyers now have to pay 8.2 per cent more on average than they did a year ago, and 38 per cent more than in 1997, Statistics Canada's base year.
In its regular monthly report, Statistics Canada said its New Housing Price Index rose by 1.2 per cent between March and April, to 138.2. The federal agency did not provide a dollar value for the average house.
Prices rose in 14 of the 21 urban areas that were studied, pushed up by high demand for housing and higher costs for construction material, labour and land.
Prices rose by 4.7 per cent in Calgary, 3.9 per cent in Edmonton, and about one per cent in Montreal and Vancouver.
In Toronto, the price of new homes rose by 0.4 per cent between March and April and by 4.1 per cent over the year.
Last Updated Thu, 08 Jun 2006 09:51:16 EDT
CBC News
The price of a new home in Canada rose by the fastest rate in 17 years in April, led by Calgary, the nation's hottest housing market.
Demand keeps rising for new housing in most Canadian centres. (CBC)
Homebuyers now have to pay 8.2 per cent more on average than they did a year ago, and 38 per cent more than in 1997, Statistics Canada's base year.
In its regular monthly report, Statistics Canada said its New Housing Price Index rose by 1.2 per cent between March and April, to 138.2. The federal agency did not provide a dollar value for the average house.
Prices rose in 14 of the 21 urban areas that were studied, pushed up by high demand for housing and higher costs for construction material, labour and land.
Prices rose by 4.7 per cent in Calgary, 3.9 per cent in Edmonton, and about one per cent in Montreal and Vancouver.
In Toronto, the price of new homes rose by 0.4 per cent between March and April and by 4.1 per cent over the year.
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