June 11, 2010

According to a new Statistics Canada report released yesterday, Vancouver had the largest year-over-year new housing price increase in Canada for the month of April.

The average cost of new construction homes increased by 6% in Vancouver compared to Canada’s national average increase of 2.5%.

The second largest gain was seen in St. John’s N.L. with a 5.9% increase, followed by Winnipeg Man. (4.9%) and London On. (4.2%).

Victoria B.C. was the biggest loser with a year-over-year decrease of -3.8%.

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