Just check builder Monarch’s website and found that almost all new home prices has dropped a lot, upon the 1% GST rebate, the price itself also dropped more than 1%. Total together the current price is 2% less than the price listed in fall 2007
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http://www.monarchgroup.net/images/pages/2008 1 percent POP1.pdf

http://www.monarchgroup.net/images/pages/2008 1 percent POP1.pdf