House prices drop most in West says StatsCan

*** The author of this blog, Ben Officer, is a licensed REALTOR® in the province of Alberta. The opinions expressed within this blog are those of the author and are simply that, opinions. The views expressed in this blog are not intended to advise you, as your needs may differ depending on your particular situation. The information provided in this blog is not guaranteed to be accurate and is subject to change at any time. For legal advice/information, please consult a lawyer. For mortgage advice/information, please contact a licensed Mortgage Associate. For tax advice/information, please consult an accountant. For investment advice/information, please contact a financial advisor. *** Blog Disclaimer - The information contained within this blog and posted by the author is believed to be true but cannot be guaranteed to be so. The author of this blog takes absolutely no responsibility for the comments posted by third parties on this blog.

RSS Feed

Wednesday, March 11, 2009

House prices drop most in West says StatsCan

by Ben Officer on Wed, Mar, 11, 2009 01:08 PM

Back to Blog

Statistics Canada has recently released the New Housing Price Index.

"Contractors' selling prices decreased 0.6% between December and January, a slightly faster pace than the 0.1% decline observed the previous month. This resulted in a New Housing Price Index of 156.4 (1997=100).

Between December and January, prices declined 2.8% in Edmonton, followed by Calgary (-2.1%), Victoria (-1.1%) and Vancouver (-0.7%).

Builders in all four cities report difficult market conditions.

In Saint John, Fredericton and Moncton, new housing prices increased 1.4% from a month earlier, as builders increased their list price or returned to list price after reporting lower negotiated prices in previous months.

In both St. John's and Saskatoon, prices increased 0.8% from a month earlier while Québec posted a monthly increase of 0.6%.

The New Housing Price Index decreased by 0.8% in January compared with the same month a year earlier.

This was the first year-over-year decrease at the Canada level since January 1997.

In the Prairie region, 12-month declines were recorded in Edmonton (-10.4%), Calgary (-6.5%) and Saskatoon (-2.7%).

On the West Coast, Victoria (-4.2%) and Vancouver (-3.2%) each posted year-over-year declines."

This is the link to the entire StatsCan article.

http://www.statcan.gc.ca/daily-quotidien/090311/dq090311c-eng.htm

Comments

No comments

Edmonton, St Albert, & Area RE/MAX Real Estate Professional

Ben Officer, CD REALTOR®

House prices drop most in West says StatsCan

Comments

Post Your Comment: