Winnipeg Free Press - PRINT EDITION

Home prices slighty higher

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THE cost of buying a new home in Winnipeg edged a little higher for the second month in a row in December, according to new Statistics Canada figures issued Thursday.

The agency said Manitoba's new housing price index rose by 0.3 per cent from November to December. That followed a 0.1 per cent increase from October to November.

StatsCan said 19 of 21 Canadian cities it surveyed saw an increase in new-home prices in December. The only exceptions were Calgary and Victoria, which both posted a 0.2 per cent decline.

Nationally, the new housing price index rose by 0.4 per cent -- the same increase as in November.

Year-over-year, new-home prices in Winnipeg at the end of 2009 were 1.5 per cent higher than they were in December 2008, the figures show. Nationally, they were 0.9 per cent lower.

Republished from the Winnipeg Free Press print edition February 12, 2010 B4

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