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Canadian Mortgage Broker News - New Housing Price Index for April released

Canadian Mortgage Broker News - New Housing Price Index for April released

New Housing Price Index for April released

| Thursday, 10 June 2010


The New Housing Price Index rose 0.3 per cent in April following an identical increase in March, reported Statistics Canada today.

Between March and April, prices increased the most in St. John's (+1.1%), followed by Regina and Saskatoon (both by +0.9%). Builders in these three areas said higher material and labour costs were key factors to the price increases.

Charlottetown, and Greater Sudbury and Thunder Bay had the largest monthly decreases in April, as both areas' prices fell by 0.3 per cent. Builders from these two places reported they lowered prices to stay competitive.

Vancouver registered the largest year-over-year increase by 6 per cent, followed by St. John's with 5.9 per cent and Winnipeg at 4.9 per cent.