Saskatoon new home prices up from July but down from August of last year
Posted on
October 14, 2009
by
Norm Fisher, Royal LePage Vidorra
Statistics Canada’s
new housing price index for August 2009 shows modest increases of just 0.1% from July to August in Saskatoon, and across the nation. On a year-over-year basis, the price of a new home in Canada fell 3.1% in August when compared to the same month last year. The decrease in the cost to build was more than twice that in Saskatoon, or 7.6% lower than it was a year ago, while new home prices grew 1.8% in
Regina.
New house prices took their greatest tumble in Edmonton where the cost to build a new home fell 11.4% from last year. Victoria followed at -10%. Vancouver was down 7.8%. Calgary was off by 6.3%. St. John’sled on the plus side showing increases of 7.5%.
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Norm Fisher
Royal LePage Vidorra
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