Canada New Housing Price Index Rose Again In November: StatsCan
OTTAWA - Statistics Canada says the price of new homes rose again in November, led by gains in Toronto and Montreal.
The agency's new housing price index rose 0.3 per cent in November, after a 0.2 per cent increase in October.
On an annual basis, the index was 2.5 per cent higher in November compared with November 2010.
The largest year-over-year price increases were recorded in Toronto and Oshawa, where they were up 6.2 per cent.
The biggest jump in prices between October and November came in Windsor, where they rose 2.0 per cent due to higher material costs and improved market conditions
The most significant monthly price decline was recorded in Calgary, where prices were down 0.4 per cent.
Calgary had seen three consecutive monthly increases and some builders there said they lowered prices in November to spur sales.
Vancouver prices were down 0.3 per cent, as some builders offered promotional prices.
WHAT $350,000 WILL BUY YOU IN THESE CANADIAN HOUSING MARKETS
St. John's, Nfld. -- $125 Per Square Foot
This four-bedroom, two-bathroom custom-built bungalow in St. John's West End neighbourhood boasts hardwood floors, a covered sundeck and an oversized yard. With an asking price of $349,900 and 2,750 square feet of livable space, this spacious home costs approximately $125 per square foot.
Trois Rivieres, Que. -- $127 Per Square Foot
This five-bedroom, two-and-a-half bathroom house features a double-width garage and a heated inground pool. At approximately 2,750 square feet and an asking price of $349,900, it works out to around $127 per square foot.
Winnipeg -- $160 Per Square Foot
This spacious split-level home in southeast Winnipeg features four bedrooms and three baths, a stone fireplace and a jazuzzi in the master bedroom. It sits on a 142-foot-long, pie-shaped lot. At 2,182 square feet and a $349,900 asking price, it works out to around $160 per square foot. <strong>CORRECTION:</strong> <em>An earlier version of this slide incorrectly listed the price-per-square foot as $600</em>.
Red Deer, Alta. -- $248 Per Square Foot
This five-bedroom, three-bath home features vaulted ceilings, a fireplace and a massive walk-in closet in the master bedroom. At 1,408 square feet -- this average-sized house on the prairie works out to $248 per square foot.
Montreal -- $250 Per Square Foot
This two-story townhouse condo just east of downtown Montreal features three bedrooms and two baths, cherry wood floors and a terrace. At 1,400 square feet and an asking price of $349,000, this condo works out to $250 per square foot.
Burlington, Ont. -- $388 Per Square Foot
This cozy bungalow on the edges of the Greater Toronto Area features four bedrooms, two baths and a long, 175-foot lot. Highlights include a granite countertop and newly finished hardwood floors. At a snug 900 square feet, this house is going for $388 per square foot.
Toronto -- $499 Per Square Foot
This one-bedroom, one-bath condo in Toronto's Entertainment District features a balcony with a southeast exposure. In a sure sign the condo is outfitted with just the basics, the unit's sellers boast of its "brand name appliances" and "frost free refrigerator." At 700 square feet (including the balcony), it works out to $499 per square foot.
Vancouver -- $688 Per Square Foot
This one-bedroom, one-bathroom corner unit in Vancouver's Kitsilano neighbourhood "shows much larger than the square footage," the realtor boasts. That's good, because at 508 square feet, this place is only slightly larger than some of the bedrooms and living rooms available in similarly-priced houses in other markets. The condo boasts "gorgeous mountain views," but it'll cost you -- $688 per square foot.