annyInRain
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Date March 09, 2006
The average price of a new home in Ottawa-Gatineau continues to increase, but at a much slower rate than many other large Canadian cities.Statistics Canada says the average price of a new Ottawa home rose 0.2 per cent in January.
The average price of a new home in Ottawa-Gatineau continues to increase, but at a much slower rate than many other large Canadian cities.
Statistics Canada says the average price of a new Ottawa home rose 0.2 per cent in January. For the 12 months ended January 2006, the average new home price has increased 3.1 per cent.
The booming Alberta economy---fuelled by high wages and an abundance of jobs---has created unprecedented demand for new homes. The price of an average new home in Calgary has jumped 20.8 per cent in the past year, and 12.1 per cent in Edmonton.
Edmonton prices rose 2.6 per cent in January alone, while Calgary prices rose 1.9 per cent.
Nationally, Statcan's new housing price index was up 0.9 per cent in January, after increasing 0.6 per cent in December. On a 12-month basis, prices are up 6.6 per cent, compared to 5.9 per cent in December.
Building material and labour cost increases were the main factors pushing price levels up at the national level. A strong market in some metropolitan areas was also a factor. Land value increases contributed to price hikes in 12 of the 21 cities surveyed.
http://archive.ottawabusinessjourna...s=1&mode=allwords&archive_pubname=OBJ-Web
The average price of a new home in Ottawa-Gatineau continues to increase, but at a much slower rate than many other large Canadian cities.Statistics Canada says the average price of a new Ottawa home rose 0.2 per cent in January.
The average price of a new home in Ottawa-Gatineau continues to increase, but at a much slower rate than many other large Canadian cities.
Statistics Canada says the average price of a new Ottawa home rose 0.2 per cent in January. For the 12 months ended January 2006, the average new home price has increased 3.1 per cent.
The booming Alberta economy---fuelled by high wages and an abundance of jobs---has created unprecedented demand for new homes. The price of an average new home in Calgary has jumped 20.8 per cent in the past year, and 12.1 per cent in Edmonton.
Edmonton prices rose 2.6 per cent in January alone, while Calgary prices rose 1.9 per cent.
Nationally, Statcan's new housing price index was up 0.9 per cent in January, after increasing 0.6 per cent in December. On a 12-month basis, prices are up 6.6 per cent, compared to 5.9 per cent in December.
Building material and labour cost increases were the main factors pushing price levels up at the national level. A strong market in some metropolitan areas was also a factor. Land value increases contributed to price hikes in 12 of the 21 cities surveyed.
http://archive.ottawabusinessjourna...s=1&mode=allwords&archive_pubname=OBJ-Web
