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This article was published 8/8/2013 (2995 days ago), so information in it may no longer be current.
The cost of a new home in Winnipeg rose at a slower pace in June, but the city still had the dubious distinction of having the highest year-over-year price gain for the seventh straight month.
Statistics Canada said today that Winnipeg’s new housing price index edged up a mere 0.1 per cent from May to June. That followed month-over-month gains of 0.6 per cent and 0.5 per cent in April and May respectively.
But despite the modest monthly increase, new house prices here were still 5.3 per cent higher than in June of last year, the agency said.
That left Winnipeg tied with Calgary for the biggest 12-month price hike among the 21 Canadian metropolitan areas surveyed. It was also nearly triple the national average 12-month increase of 1.8 per cent.
The Statistics Canada report didn’t say what the main drivers were behind the high year-over-year increase in Winnipeg. But one of its analysts said in April, when prices were up 5.5 per cent, that the increase was due to higher prices for land, building materials and labour.
Canada’s month-over-month increase for June was 0.2 per cent. That followed a 0.1 per cent gain in May.