The purchase price of newly constructed homes in Canada has risen for the seventh straight month…first year-over-year increase in price since Decmber 2008…

(Source: The Gazette)

The latest data show a steady rise in prices for new homes in Canada, though lacking the dramatic kind of gains being seen in the resale market.

Statistics Canada’s new-home price index, released yesterday, rose 0.4 per cent in January from the month before, the same growth rate for the third consecutive month. It also marked the seventh straight monthly increase.

Home prices were up 0.1 per cent on an annual basis in January, compared with a 0.9- per-cent decline in December 2009.

Read the full article, “New-Home prices continue to creep up” in The Gazette (March 12, 2010).

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