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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!

Tuesday, June 25, 2019

Slower growth for new condo prices in Q1 says StatsCan

Growth in the price of new condos eased in the first quarter of 2019 as continued strength in Vancouver and Ottawa was offset by weaker growth in Toronto and Victoria.

Statistics Canada’s Experimental Condominium Apartment Index gained 0.7% in Q1 2019 compared to 2.3% in the previous quarter. The index measures changes over time in the contractors' selling prices of units in new condominium apartment buildings in six CMAs.

Although prices did rise in Toronto and Victoria, the pace was slower than in the fourth quarter of 2018 at 1.1% and 0.5% respectively. This marked the slowest pace of growth in Toronto since Q2 2018 and for Ottawa since the index began in 2017.

Meanwhile, Vancouver saw a 2.5% rise, the third consecutive quarterly gain; and Ottawa posted a 2.4% increase after decreasing 1.5% in the previous quarter.

Annual increase

The 6-CMA composite index gained 5.5% over the 12-month period ending in the first quarter, primarily driven by Vancouver (+9.0%) and Toronto (+5.2%). The composite index has risen for five consecutive quarters year over year.

There were declines for Calgary (-15.8%) and Montreal (-5.5%). Montreal saw the largest decline since the index began in 2017.

MBN

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