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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

New Housing Prices Up

Posted on 06/14/2007 06:17:32 | Link | Post Comment
Missed this one last week but the price of a new house is up 0.8% month over month (March to April), that is a lot! In Ottawa-Gatineau, year over year the housing prices are only up 2.5%, which is much more in line with "inflation" these days. Canada wide, however, the year over year increase in price is 8.9%, but you can guess where the major increases might be, which is interesting, because there are only 3 major areas that are really skewing the data (Calgary, Edmonton, Regina and Saskatoon).
New Housing Price Indexes
April 2007 April 2006 to April 2007 March to April 2007
(1997=100) % change
Canada 150.5 8.9 0.8
House only 160.2 8.2 0.6
Land only 131.4 10.4 0.9
St. John's 132.5 3.8 -0.2
Halifax 133.1 2.6 1.3
Charlottetown 117.1 1.5 -0.5
Saint John, Fredericton and Moncton 112.9 0.4 -0.2
Québec 146.7 3.8 0.0
Montréal 152.7 3.9 0.1
Ottawa–Gatineau 161.3 2.5 0.0
Toronto and Oshawa 139.4 2.3 0.0
Hamilton 148.2 5.7 0.6
St. Catharines–Niagara 149.7 5.0 0.0
Kitchener 138.0 1.5 0.6
London 135.5 2.6 0.1
Windsor 104.0 -0.5 0.0
Greater Sudbury and Thunder Bay 105.1 3.5 0.9
Winnipeg 152.0 6.9 0.3
Regina 177.9 17.3 2.2
Saskatoon 168.1 24.9 2.1
Calgary 244.9 27.4 2.0
Edmonton 223.5 40.5 4.4
Vancouver 118.3 6.7 0.8
Victoria 116.8 -1.2 -0.9
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