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New home price rise slows
The cost of a new home rose 0.1% in February, a slower pace than the previous month, Statistics Canada said today. Economists had expected the federal agency’s price index would increase 0.4% during the month, the same pace as in January.
The price increases were led by Regina, up 2% from the previous month, and Winnipeg and London, Ont., both up 1.9%, the agency said.
The only metropolitan areas to record declines were Toronto and Oshawa, both down 0.7%, and Charlottetown, which declined 0.5%.
On a yearly basis, new house prices rose 0.9% in February, following a 0.1% annual increase in January. “This was the second consecutive year-over-year increase recorded since December 2008,” Statistics Canada said.
April 13, 2010 in New in New Homes | Permalink
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brampton real estate
One of the greatest and most obvious reasons to consider buying a home is the interest rates. Interest rates today, are some of the lowest rates that we have seen in years. It is possible that they will go even lower. You may think that getting a home loan in order to take advantage of these rates is impossible. Although credit standards and loan approval may be higher than before, obtaining a loan is well within the reach of homebuyers with a good credit rating and a steady income that can support the monthly mortgage payments.
Posted by: torontohomeandhouse123 | Jun 11, 2010 3:53:01 AM
Interesting to see Oshawa as one of the areas that had a decline. Since Oshawa has been one of the fastest growing communities for the last few years then I guess it was bound to happen eventually!
Posted by: Don Edmunds | May 17, 2010 10:47:24 AM
I have used www.SkipBrokers.com to find all of my no fee apartments in NYC for the past 5 years...No fee apartments....
Posted by: Paul Salamanca | Apr 21, 2010 9:52:01 AM
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