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Prices for new homes in Canada rose 0.3 per cent in October after a 0.5 per cent increase the previous month.
 
It was the fourth straight monthly gain in the federal agency's new home price index, although the increase was slightly below the 0.4 per cent many economists had expected.
 
The biggest price increase was in Quebec City, up 1.1 per cent, followed by Vancouver, up 0.7 per cent. In Ontario, Hamilton and the Sudbury-Thunder Bay area were both up 0.5 per cent.
 
The largest year-over-year increase was also in Quebec City, which jumped 7.5 per cent.
 
"Land values have been growing in this city as a result of increased demand and fewer available lots, as well as new development phases with higher land costs," Statistics Canada said.
 
Prices in St. John's, N.L., rose 6.8 per cent in October from a year earlier. In New Brunswick, the Saint John, Fredericton and Moncton region gained 3.1 per cent.
 
Meanwhile, short-term expectations for housing starts have risen significantly, the Conference Board of Canada said. Of 27 census metropolitan areas (cities and surrounding communities) the board covers, an additional 10 are showing positive expectations in December compared with the month before.
 
They are Calgary, Edmonton, Regina, Halifax, Montreal, Sherbrooke, Que., Oshawa, Ont., St. Catherines, Ont., Kitchener-Waterloo, Ont., and Abbotsford, B.C.
 

Expectations fell in Vancouver, Winnipeg, Hamilton, Toronto and Sudbury, Ont.

The figures are based on data from the conference board and Canada Mortgage and Housing Corp.

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Prices for new homes in Canada rose 0.3 per cent in October after a 0.5 per cent increase the previous month.
 
It was the fourth straight monthly gain in the federal agency's new home price index, although the increase was slightly below the 0.4 per cent many economists had expected.
 
The biggest price increase was in Quebec City, up 1.1 per cent, followed by Vancouver, up 0.7 per cent. In Ontario, Hamilton and the Sudbury-Thunder Bay area were both up 0.5 per cent.
 
The largest year-over-year increase was also in Quebec City, which jumped 7.5 per cent.
 
"Land values have been growing in this city as a result of increased demand and fewer available lots, as well as new development phases with higher land costs," Statistics Canada said.
 
Prices in St. John's, N.L., rose 6.8 per cent in October from a year earlier. In New Brunswick, the Saint John, Fredericton and Moncton region gained 3.1 per cent.
 
Meanwhile, short-term expectations for housing starts have risen significantly, the Conference Board of Canada said. Of 27 census metropolitan areas (cities and surrounding communities) the board covers, an additional 10 are showing positive expectations in December compared with the month before.
 
They are Calgary, Edmonton, Regina, Halifax, Montreal, Sherbrooke, Que., Oshawa, Ont., St. Catherines, Ont., Kitchener-Waterloo, Ont., and Abbotsford, B.C.
 

Expectations fell in Vancouver, Winnipeg, Hamilton, Toronto and Sudbury, Ont.

The figures are based on data from the conference board and Canada Mortgage and Housing Corp.

Read
Categories:   | Abbeydale, Calgary Real Estate | Airdrie, Airdrie Real Estate | Alberta Housing Market | alberta housing market forecast 2012 | Alberta Housing Market, housing projections, cmhc | Alberta Housing Market, housing projections, cmhc, Calgary housing market, chestermere homes for sale | Alberta Land Tax | Android | April Market Update | April Market Updates for Calgary | Arbour Lake, Calgary Real Estate | Bowness, Calgary Real Estate | Braeside, Calgary Real Estate | Bragg Creek, Bragg Creek Real Estate | Bridlewood, Calgary Real Estate | Calgary cash incentives | Calgary Economic Recovery | calgary economy | Calgary Economy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Econonomy, Calgary Housing Market, Calgary Real Estate, Chestermere Real Estate | Calgary Grants | Calgary home market | Calgary Home Prices | Calgary home sales | Calgary Homes For Sale | Calgary Housing | Calgary Housing Market | Calgary Housing Market Outlook 2012 | calgary housing market statistics | Calgary Housing Market Update | Calgary Housing Stats | Calgary Housing Trend | Calgary Market Forecast | Calgary Market Outlook 2012 | Calgary Market Update | Calgary Open House | Calgary Properties | Calgary Real Estate | Calgary Real Estate Forecast | Calgary Real Estate Market | Calgary Real Estate Stats | Calgary Relocation | Canada Housing Market | Canada Mortgage Update | Cardston, Cardston Real Estate | Carstairs, Carstairs Real Estate | Chaparral, Calgary Real Estate | Chestermere | Chestermere home for sale | Chestermere Homes | Chestermere Housing Market | Chestermere Open House | Chestermere Real Estate | Chestermere Real Estate Stats | Chestermere Realtor | Chestermere, Chestermere Real Estate | Citadel, Calgary Real Estate | Cityscape, Calgary Real Estate | CMA, Market Analysis, Selling Price, Fair Market Value, Home Value, home price | CMHC | Connaught | Connaught, Calgary Real Estate | Country Hills | Country Hills, Calgary Real Estate | Coventry Hills, Calgary Real Estate | Dalhousie, Calgary Real Estate | Deer Ridge, Calgary Real Estate | Deer Run, Calgary Real Estate | economic recovery | Economy | Evanston, Calgary Real Estate | Executive Home for Sale | Falconridge, Calgary Real Estate | Finance | First Time Home Buyers | foreclosure | Garrison Green | Garrison Green, Calgary Real Estate | Harvest Hills, Calgary Real Estate | Hawkwood, Calgary Real Estate | Hillhurst, Calgary Real Estate | Housing Trends | Inglewood, Calgary Real Estate | IPhone | January 2013 Market Update | Lake Bonavista, Calgary Real Estate | Lakeside Home For Sale | Langdon | Langdon, Langdon Real Estate | Lyalta, Lyalta Real Estate | Mahogany, Calgary Real Estate | Market Trends | Market Update | Market Value | Marlborough Park, Calgary Real Estate | Martindale, Calgary Real Estate | Mayland Heights, Calgary Real Estate | McKenzie Towne, Calgary Real Estate | MLS QR Code | MLS Search | MLS Search, Personal Real Estate Office, Real Estate, home search, compare homes, search for homes | Monterey Park, Calgary Real Estate | Mortgage | Mortgage Fraud | Mortgage Rates | Mortgage Registration | Mortgages | New Listing | Okotoks, Foothills Real Estate | Okotoks, Okotoks Real Estate | Open House | Pineridge, Calgary Real Estate | Pricing Your Home For Sale | QR Code | Real Estate | Real Estate App | Real Estate Forecast | Real Estate GPS QR Code | Real Estate Integrity | Real Estate QR Code | Real Estate, Chestermere Real Estate, Calgary, Buy, Sell, home | Recession | Redcarpet_Mountview, Calgary Real Estate | Rent vs Buy | Rental Property | Rental Property, Calgary Rental, First Time Home Buyers | Rosscarrock | Rosscarrock, Calgary Real Estate | Rural Rocky View MD, Rural Rocky View County Real Estate | Rural Rocky View MD, Rural Rocky View MD Real Estate | Rural Rocky View MD, Rural Rockyview County Real Estate | Rural Wheatland County, Rural Wheatland County Real Estate | Sage Hill, Calgary Real Estate | Secondary Suite | Sell Your Home | Selling Your Home | Shawnessy, Calgary Real Estate | Somerset | South Calgary, Calgary Real Estate | Southview, Calgary Real Estate | Spruce Cliff, Calgary Real Estate | Strathmore | Strathmore, Strathmore Real Estate | Suite | Sundance, Calgary Real Estate | Temple, Calgary Real Estate | Turtle Lake Real Estate | Tuscany, Calgary Real Estate | Victoria Park, Calgary Real Estate | Whitehorn | Whitehorn, Calgary Real Estate | Woodbine, Calgary Real Estate
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