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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!

Saturday, July 13, 2019

New house prices down slightly after 3 months unchanged

New house prices in Canada slipped 0.1% in May, following three months unchanged.

Data from Statistics Canada shows that the largest declines were in Saskatoon (-0.5%) and Victoria (-0.4%) amid worsening market conditions with unemployment rising in both CMAs.

There were also declines of 0.3% for new house prices in Edmonton, Kelowna, Toronto, and Vancouver.

Prices in Charlottetown saw the largest increase in the month, up 1% from April.

Over 12 months, new house prices nationally were unchanged in May.

The report acknowledges the larger down payment now required by potential buyers of new homes due to the combination of factors including higher home prices, rising mortgage rates, and the stress test for new mortgages.

The largest annual decline in new home prices was in Regina (-2.7%) followed by Saskatoon and Victoria which both slipped 1.4%.

There were also decreases for Toronto (-0.6%) and Vancouver (-0.9%) while Ottawa posted the largest increase (4.7%) followed by London (3%) and Montreal (2.7%).

MBN

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