Winnipeg Free Press - ONLINE EDITION

New-home prices slow in December

  • Print

The pace of growth in new-home prices continued to slow in December as Winnipeg posted its smallest annual price increase in more than four years.

Statistics Canada said Winnipeg’s new housing price index in December was up 2.9 per cent from a year earlier.

"This marked the smallest annual price gain in Winnipeg since January 2010 as the pace of growth in new home prices has been slowing since August," the agency said.

The month-over-month increase was 0.1 per cent.

Although it was Winnipeg’s smallest annual gain in more than four years, it was still a bigger price hike than in most of the other 20 Canadian metropolitan areas covered in the Statistics Canada report. The only one with a bigger price gain was Regina, at 3.5 per cent.

For the year 2013, Winnipeg’s annual average increase was 4.9 per cent. Statistics Canada said local homebuilders cited higher labour and building material costs as the primary contributing factors to the rise in new-home prices.

Nationally, Canada’s housing-price index was also up 0.1 per cent from November, and up 1.3 per cent from December 2012. It was the fifth consecutive month of slowing growth.

For 2013, Canada’s average annual increase was 1.8 per cent, the agency said. That was down from 2.4 per cent in 2012.

 

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Andrew Ladd talks about his injury

View more like this

Photo Store Gallery

  • Two Canada geese fly Wednesday afternoon at Oak Hammock Marsh- Front bird is banded for identification- Goose Challenge Day 3- - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • A baby Red Panda in her area at the Zoo. International Red Panda Day is Saturday September 15th and the Assiniboine Park Zoo will be celebrating in a big way! The Zoo is home to three red pandas - Rufus, Rouge and their cub who was born on June 30 of this year. The female cub has yet to be named and the Assiniboine Park Zoo is asking the community to help. September 14, 2012  BORIS MINKEVICH / WINNIPEG FREE PRESS

View More Gallery Photos

Poll

Are you concerned about the number of homicides so far this year?

View Results

Ads by Google