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New Housing Price Index( p4 H0 E- \( o% p! X. y$ L# M+ w
Y) A- }3 p. q& Z8 t& a
; o z! o: j- {! oNew 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.* \6 ~) R* r+ Z6 H+ P) X
( t* B1 {/ g+ bBuilding 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.7 O3 p2 d, |( t) C) s
' m$ \+ A! h2 M X' d4 Q
According 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.9 F* t$ F9 f4 \' W8 \# D" p" F
; |, M b4 a: U3 c% s# V; pThe New Housing Price Index (1997=100) rose to 131.7 in October.. c$ g9 o, ?2 U7 ^
! k- S9 J& }( A: r* |% D; K! `Of 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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' e5 Y; k1 O2 s6 ]) Q6 YOttawa–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.
. V" k* ]8 ~+ C) J) x. e
' w7 k8 O5 W. C# w( tMonthly 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.7 S9 _6 f1 d, u. r: O
$ {* x, D& _/ y
Four metropolitan areas registered no monthly change while the only declines were in Charlottetown (-0.2%) and Windsor (-0.1%).) Q) J3 g0 }+ w/ }" O9 n
, i4 H2 {4 B5 N& M' L- I. e" ZNew housing price indexes / d" x' `( f8 b% f
(1997=100)
% H: h8 C" A- L. {% ], w , c; V2 C* q: M% q3 t- j6 D( |7 ~6 `
October 2005 October 2004 to October 2005 September to October 2005 (% change )
3 x% n" W0 N' v* m& W) q/ ACanada total 131.7 5.4 0.7
& g/ @; i4 A% q/ D% p- v3 e6 mHouse only 140.0 5.0 0.9 - i! a {+ A0 h
Land only 115.4 5.6 0.3
# }) G/ U, Q$ G' P" A9 oSt. John's 126.8 5.0 0.6
& K+ z. }& l# y fHalifax 129.7 6.5 0.0
9 C5 d+ B7 ~# q) ICharlottetown 115.6 4.6 -0.2 ) p3 Q' J% k& W0 k
Saint John, Fredericton and Moncton 110.0 3.8 0.1 ' c0 m) M2 }3 j
Québec 137.5 5.3 0.7 ! J9 H" m! R" l) A1 m+ d# C4 }
Montréal 143.4 4.1 0.4 & o& \, q6 n m! g
Ottawa–Gatineau 156.8 4.3 0.8 1 X4 J. Q. N" y7 e- ~4 i
Toronto and Oshawa 134.3 4.6 0.4 * L; Y+ ^& i, \) _9 w0 w
Hamilton 136.3 5.1 0.6 . P5 u+ v" W% o* D3 q5 ^0 ^+ @
St. Catharines–Niagara 139.3 5.5 0.7 $ A7 d: u; u6 ^ G
Kitchener 132.5 4.0 0.2 / o" g( P- P7 O
London 127.2 4.8 0.0 " c1 v+ Q) O5 e* X$ ]6 h E
Windsor 105.7 2.6 -0.1
, n, `* \) r5 F6 }Greater Sudbury/Grand Sudbury and Thunder Bay 100.8 2.0 0.1 7 Y' L3 k0 o/ ]9 F% v! \! L
Winnipeg 135.8 8.9 0.4 1 L2 p8 R( e o3 K
Regina 144.6 5.7 0.7 1 X1 A, m; `3 Z4 E/ O5 Z }
Saskatoon 128.3 3.7 0.0 9 ~8 X% @1 ~) I- g
Calgary 153.6 9.6 3.4
2 E8 P) \1 h# M' TEdmonton 142.1 8.3 1.1 0 l/ L! A9 f. T, K( @0 l
Vancouver 106.8 4.7 0.0 2 R/ ^& l; U5 F. i" `
Victoria 117.7 10.0 0.1
& I: S- K7 ~& \Note: View the census subdivisions that comprise the metropolitan areas online. |
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