Winnipeg Free Press - PRINT EDITION

Prices of new homes remain flat in Manitoba

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The cost of buying a new home in Winnipeg remained essentially unchanged in February, according to a new report from Statistics Canada.

In its monthly New Housing Price Index report released on Thursday, the agency said Manitoba's index rose by a meagre 0.1 per cent in February after a 0.5 per cent gain in January.

The small increase was part of a broad trend that saw little or no change in prices in nearly three-quarters of the 21 Canadian cities surveyed by the agency. Even the national average increase was only 0.2 per cent.

On a year-over-year basis, new-home prices in Manitoba were up 2.6 per cent from February of last year, the agency said. Nationally, the increase was 1.5 per cent.

St. Catharines-Niagara saw the biggest monthly price gain, at 1.3 per cent, while Calgary posted the biggest year-over-year increase at 6.9 per cent.

 

-- staff

Republished from the Winnipeg Free Press print edition April 11, 2014 B8

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