Saskatoon new home prices up from July but down from August of last year

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