Statistics Canada says its new housing price index rose 0.2 per cent in December, following a 0.1-per-cent increase in November.
The agency says the combined metropolitan region of Toronto and Oshawa, as well as the Calgary region, were the top contributors to the advance.
It says market conditions were the primary drivers for higher prices in Toronto and Oshawa, while increased material and labour costs contributed to the increase in Calgary.
The largest monthly price advances in December came in Winnipeg and St. Catharines–Niagara, with prices up 0.8 per cent in both regions.
The Winnipeg increase was largely the result of higher land development costs, while builders in St. Catharines–Niagara reported higher list prices for new phases of development.
Monthly prices declined 0.9 per cent in Charlottetown, as a result of lower negotiated selling prices.
knotme: If the Conservatives would have announced that they were scrapping the HST in the last election, they would have won hands down.
Greed killed them.
I am not sure if it is greed or if it is a lack of ideas.
Remember that Hudack wanted to sell off the LCBO – continuing the old Mike Harris plan. Mike Harris sold the 407 highway, which was short-sighted (that’s being polite). How many East-West traffic corridors does Toronto have? 401 is always congested, and no one likes to pay tolls.
this real fake and real estate agent want this that is why they broadcast this news
this is marketting flyer what they want…they always right here by using media..but for sure this price high new is alwys ROUMER…they want you to make scred and forcing you to by house..
This same Statistics Canada report in this Citynews article has a footnote for readers, reminding people that the voters in British Columbia rejected the HST, unlike here in Ontario, where the public never voted on the whether they wanted an HST added to their utility bills, added to gasoline prices, added to home services, etc.
Statistics Canada: “The provincial government of British Columbia introduced legislation on May 14, 2012, announcing the return to a provincial sales tax on April 1, 2013″ [Getting rid of the HST in British Columbia will affect the construction price indicies that Statistics Canada reports.]
See Toronto Star Headline: “British Columbians reject HST in referendum” “Haircuts, restaurant meals and gym memberships to get cheaper in B.C.; Ontario finance minister says outcome is positive.” (August 26, 2011).
Maybe getting rid of the HST should be an election issue here in Ontario???