According to Statistics Canada, the new housing price index saw a slight uptick in May, rising 0.1% — the first month-over-month increase since August. StatCan_eng | realestate realestatenews housing homeprices
saw a slight uptick in May, rising 0.1% — the first month-over-month increase since August.The national price growth can largely be attributed to increased construction costs in Québec, Calgary, and Kelowna. These census metropolitan areas saw new home prices rise 0.9%, 0.8%, and 0.6%, respectively, month over month.
May marked the second consecutive month that Québec has seen the largest price increase amongst the 27 CMAs included in the index, while Calgary and Kelowna both experienced their largest monthly increases since May 2022. New home prices rose in 24 other CMAs, including Vancouver , remained unchanged in 13 municipalities, and declined in eight, including Toronto . The largest monthly declines were seen in Sudbury, at 1.2%, and Sherbrooke, at 0.7%, with builders blaming the dips on weak market conditions.On an annual basis, new home prices were down 0.6% across Canada in May. Locally, Victoria saw the largest decline, at 2.7%, followed by St. Catharines–Niagara, at 2.4%, and Edmonton, at 2.3%.
In contrast, the most significant annual increases were seen in Québec , Charlottetown , and St. John’s .
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how to make your dream of owning a home in Canada come trueNo house yet? These tips will help you buy your first property in Canada. Find out more.
Read more »
Here's how to make your dream of owning a home in Canada come trueNo house yet? These tips will help you buy your first property in Canada. Find out more.
Read more »
Where Renters Can Afford To Buy A Starter Home In CanadaWhile a “starter home” used to mean a smaller abode with a roughly $200K price tag, the concept has taken on a more literal definition in today’s pricey real estate market. realestate realestatenews housingmarket starterhome
Read more »
New Nanaimo hospital ICU to take patients soon, replacing one of Canada's worst unitsNANAIMO, B.C. — A new intensive care unit in Nanaimo, British Columbia, will start taking patients later this month, replacing an aging unit once called one of the worst ICUs in Canada.
Read more »
New Nanaimo hospital ICU to take patients next week, replacing one of Canada’s worst unitsB.C. Health Minister Adrian Dix says the 12-bed intensive care unit at Nanaimo Regional General Hospital will officially open to patients on June 28
Read more »
New Nanaimo hospital ICU to take patients soon, replacing one of Canada's worst unitsA 12-bed ICU at Nanaimo Regional General Hospital will open for patients starting Wednesday, June 28, according to B.C.'s Ministry of Health.
Read more »