New home prices rise for fifth straight month
Filed Under Main Content · Tagged: Canada Mortgage And Housing, Canada Mortgage And Housing Corporation, Decline, Economists, Resale Prices, Rose, Statistics Canada
Times Colonist- New home prices rose more than expected in November, posting a 0.4% advance for a fifth straight monthly gain, Statistics Canada reported Tuesday.
Most economists had forecast a 0.3% month-over-month advance.
On a yearly basis, prices fell 1.4% in November following a 2.1% decline in October.
The pick-up in new housing prices follows news Monday from Canada Mortgage and Housing Corporation that housing starts staged a broad-based advance in November, rising 5.9% to an annualized rate of 174,500 units. Resale prices, meanwhile, have risen 21% from a year ago.
New home prices rise for fifth straight month
Home prices see first annual rise in 10 months
Filed Under Main Content · Tagged: 10 Months, House Price, Lows, National Bank, Price Index, Real Estate Market, Resale Homes, Resale Prices, S Real Estate, Teranet, Vancouver Sun
Vancouver Sun- Resale prices for Canadian homes rose for a sixth consecutive month in October — and were up on an annual basis for the first time in nearly a year — as the country’s real estate market continued to recover from recessionary lows, according to a report released Wednesday.
The Teranet-National Bank resale house price index of major markets increased 1.27% during the month from September. Year-over-year, prices were up 0.57% — marking the first rise in 10 months…
