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New Housing Price Index/ X2 O& b: b2 {: ]& F
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New housing prices were up 0.7% in October compared to September. The 12-month increase grew to 5.4% from 4.9% the previous month.
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Building materials and labour cost increases combined with higher fuel costs continued to push new housing prices up at the national level. Land value increases contributed to price hikes in 7 of the 21 metropolitan areas surveyed.
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6 M j" ^+ q: i; X! o5 S kAccording to the New Housing Price Index (which is based on contractors' selling prices of new homes in 21 metropolitan areas), the price of new homes rose 0.7% on a monthly basis, up from the 0.6% observed in the previous month.0 C" d2 B' M; Z7 I' A! |0 v
1 W( l9 I" m2 T5 j% E% }The New Housing Price Index (1997=100) rose to 131.7 in October.. F4 K. O9 s9 b- m1 Y
# N/ Q' ?( T" _7 v/ d: j# KOf the 21 metropolitan areas surveyed, 15 posted monthly gains. Calgary (+3.4%) led the way for the second month in a row followed by Edmonton at 1.1%. These price increases were mainly due to higher material and labour costs, in particular lumber. In Calgary, higher fuel costs were cited as contributing to these increases. Higher lot values were also a factor in both metropolitan areas.
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Ottawa–Gatineau (+0.8%), Québec, St-Catharines–Niagara, Regina (+0.7% for all three), St. John's and Hamilton (+0.6% each) posted significant gains, mostly due to increases in material and labour. Higher fuel costs were also cited in Regina.
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Monthly increases were also registered in Saint John, Fredericton and Moncton, Montréal, Toronto and Oshawa, Kitchener, Greater Sudbury/Grand Sudbury and Thunder Bay, Winnipeg and Victoria.2 x- B4 [+ ^! C9 `" U, Y
; P# a5 [3 }- |& _4 }6 N$ wFour metropolitan areas registered no monthly change while the only declines were in Charlottetown (-0.2%) and Windsor (-0.1%)." A$ I5 ]; U r& g6 `' o
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(1997=100)+ M# ]1 h1 V2 ?) o* T- G
. Q% W$ g) a$ x+ ^% ^( `* ` October 2005 October 2004 to October 2005 September to October 2005 (% change )
! |# ]( q3 ^# c; {9 ECanada total 131.7 5.4 0.7
7 ]6 v% Z& s, c) qHouse only 140.0 5.0 0.9 5 G" v) ~2 `. u2 p
Land only 115.4 5.6 0.3
4 L/ d+ x# Y5 hSt. John's 126.8 5.0 0.6 + C/ v2 M, V. A% a2 O, {& |
Halifax 129.7 6.5 0.0
0 M$ l: a# c% r) i/ \: rCharlottetown 115.6 4.6 -0.2 - w' k( @$ b+ e+ N5 ]
Saint John, Fredericton and Moncton 110.0 3.8 0.1 Q% i+ h5 g- y: |# ^7 r/ P
Québec 137.5 5.3 0.7 ; ? ]" d8 u( v/ U7 T
Montréal 143.4 4.1 0.4
; T# ]7 I `1 }, \( H7 g) rOttawa–Gatineau 156.8 4.3 0.8
& |: ~' D8 B) J& ?' {5 b2 ^6 OToronto and Oshawa 134.3 4.6 0.4 8 I3 F6 H% d' y8 ^6 w; l; w: ^& h4 O
Hamilton 136.3 5.1 0.6
& |+ j1 D7 i3 b/ @1 ^St. Catharines–Niagara 139.3 5.5 0.7 : o0 a! \& y6 v- B* F
Kitchener 132.5 4.0 0.2 & q' `' w3 c- B% G
London 127.2 4.8 0.0 2 X6 l2 G4 Z/ u$ |. P
Windsor 105.7 2.6 -0.1 ! ]2 e$ X/ ~% M0 r& R8 {1 v! \: p
Greater Sudbury/Grand Sudbury and Thunder Bay 100.8 2.0 0.1
4 E# ]. s `9 {: x- C( PWinnipeg 135.8 8.9 0.4 1 ]- Z' H+ ?1 X4 N+ F' X
Regina 144.6 5.7 0.7
7 a+ b8 o, w$ U. MSaskatoon 128.3 3.7 0.0
1 y/ \+ `. L0 ? K" }" h8 y' s4 TCalgary 153.6 9.6 3.4
% V0 h7 G H1 c' }4 dEdmonton 142.1 8.3 1.1
. [; Z2 l) F4 R& S4 x/ FVancouver 106.8 4.7 0.0
$ B1 q3 q" L" j& {5 jVictoria 117.7 10.0 0.1 }, R9 ]! a3 ^, J4 |7 F0 g) h& {
Note: View the census subdivisions that comprise the metropolitan areas online. |
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