Tuesday, June 26, 2007

New Housing Costs rise Substantially in April

Toronto Real Estate Board (TREB) Average Prices and Graph The cost of new housing rose substantially in April, rising 0.8 per cent from the previous month.

Contractors' selling prices were up 8.9 per cent from a year earlier as 12 of 21 metropolitan areas surveyed registered increases.

Edmonton led all monthly increases, at 4.4 per cent, as well as annual increases, at 40.5 per cent.

Regina (up 2.2 per cent), Saskatoon (2.1) and Calgary (2) followed as monthly price advances were mostly attributable to materials and labour; noteworthy gains were also recorded in Halifax, Greater Sudbury and ThunderBay, Ont., and Vancouver.

Five metropolitan areas registered no monthly change. Victoria (-0.9%) recorded the largest decrease due to a moderating market. Prices in St.John's, Saint John, Fredericton and Moncton, and Charlottetown also declined.

Land prices rose in only five of 12 metropolitan areas surveyed.

See more statistics for resale homes at this page

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

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