StatsCan: Home prices had strongest monthly growth in three years
Canada’s new homes saw their strongest monthly price growth in more than three years in August, impelled by intensified demand, inventory shortages, and a looming scarcity of building materials.
Nationally, new home prices increased by 0.5% from July to August, the largest such upswing since May 2017, according to Statistics Canada. The largest urban markets posted noticeable increases, with Vancouver’s 1% monthly gain and Toronto’s 0.3%.
Original Article Source Credits: MortgageBrokerNews , https://www.mortgagebrokernews.ca/
Article Written By: Ephraim Vecina
Original Article Posted on: 24 Sep 2020
Link to Original Article: https://www.mortgagebrokernews.ca/news/statscan-home-prices-had-strongest-monthly-growth-in-three-years-333588.aspx
