Wednesday, April 13, 2011

Price of New Housing

Did you know Canada.. according to Statistics Canada over the past year the location with the highest year-over-year price increase for new housing is St. John's!

Also posting high increases is Regina, Winnipeg and Montreal.

The locations with that are showing decreases include Windsor, Thunder Bay and Victoria.

In Regina, Kitchener–Cambridge–Waterloo and Edmonton, recent increases were primarily a result of higher land development fees. And in Charlottetown, builders reported increased prices as a result of improving market conditions.

Slower market conditions caused builders in Windsor as well as in Saint John, Fredericton and Moncton to reduce their prices recently. And in Ottawa–Gatineau, builders recorded lower negotiated selling prices just this past February.

If you are planning a move do you think now is the time to look into new housing instead of what's on the current market?

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