Prices for new homes creep up 0.7% in November: StatsCan
Last Updated: Monday, January 12, 2009 | 10:40 AM ET
CBC News
Contractors' selling prices for new homes in November rose 0.7 per cent compared to a year ago — the smallest increase observed since August 1999, Statistics Canada reported Monday.
Compared to October, prices fell 0.3 per cent, marking the second consecutive decline, the federal agency said.
St. John's led the country with a yearly increase of 25.6 per cent and a monthly increase of 3.4 per cent. Regina followed with a yearly increase of 21.7 per cent.
Prices also increased 4.3 per cent in the Ottawa-Gatineau region and 2.0 per cent in Toronto and Oshawa. Yearly increases were also observed in Quebec City (5.4 per cent) and Montreal (4.6 per cent).
Meanwhile, Edmonton posted a yearly decline of 7.9 per cent — the largest decrease recorded for the city since May 1985. Similarly, prices in Calgary dropped 2.5 per cent, the largest decline since November 1991.
Vancouver observed a yearly decline of 2.3 per cent and a monthly decrease of 1.7 per cent while prices in Victoria fell 2.4 per cent in year-over-year comparisons.
Share Tools
Top News Headlines
- Half of Canadians report being bullied as youth
- Half of Canadian adults polled say they were bullied as children or teenagers — and 62 per cent of those bullied say having an adult mentor would have helped them cope. more »
- Children of immigrants challenged at school, home
- By 2016, foreign-born youth and Canadian-born youth from immigrant families will make up a quarter of the country's population, according to predictions by the Canadian Council on Social Development. As their numbers grow, more attention is being paid to their successes and failures. more »
- Whitney Houston funeral to be livestreamed
- Whitney Houston's funeral will be livestreamed, to satisfy the desire of fans to grieve alongside family members at the Saturday memorial. more »
- B.C. house party trial hears from tearful teens
- Two teenagers cried as they testified Wednesday at the trial of a B.C. woman charged after a teen died at a party at her house in 2008. more »
Latest Business Headlines
- Competition Bureau investigating global banks
- Canada's Competition Bureau is investigating allegations that certain global banks or financial brokerage firms conspired to manipulate interest rate derivatives for more than three years. more »
- Canadian housing market cools in January
- The housing resale market retreated in January following a strong December finish to 2011, according to the Canadian Real Estate Association. more »
- U.S. Fed divided on new bond buying
- The U.S. Federal Reserve isn't about to launch another bond-buying program to boost the economy — at least not anytime soon. more »
- Online surveillance bill may breach privacy law, charter
- A new bill that would require telecommunications providers to give police subscriber information without a warrant will likely be challenged in the courts if crucial changes aren't made, critics say. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12362.03 | 7.56 |
| DOW | 12780.95 | -97.33 |
| NASDAQ | 2915.83 | -16 |
| SP 500 | 1343.23 | -7.27 |
| NYSE COMPOSITE | 7998.65 | -30.96 |
| AMEX | 2419.99 | -9.07 |
| TSX-VENTURE | 1633.58 | 3.55 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Barefoot girl's icy trek not blamed on babysitter
- Ontario finance minister responds to Drummond report
- Immigrants the proudest Canadians, poll suggests
- Honduras prison fire kills hundreds
- Legalize pot, say former B.C. attorneys general
- Canadian housing market cools in January
- NDP MPs urged to scrap gun registry in final vote
- Russians in abusive plane tirade to be sentenced
- Online privacy erosion dismays critics
