The price of new homes is up slightly with Statistics Canada’s New Housing Price Index climbing 0.4 per cent in February compared to a month earlier.
The gain was driven by higher prices in Ontario where prices were higher in every one of its 10 metro areas. The largest gains were in Guelph (1.4 per cent) and Oshawa (1.2 per cent) but the overall impact from a 1 per cent rise in Toronto was greatest.
Hamilton and Victoria also saw new home prices rise 1 per cent while Calgary declined 0.2 per cent and Vancouver was down 0.1 per cent.
On a 12-month basis, the NHPI was up 3.3 per cent driven by an 8.6 per cent year-over-year rise in Toronto. Victoria, St. Catharines-Niagara and Windsor saw gains above 6 per cent.
Six metros saw new home prices fall, driven by lower prices in Alberta and Saskatchewan.
MBN
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- Jackie Goodlet, Broker
- GTA, Ontario, Canada
- A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!
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