Canadian new home prices continue to rise



 According to Statistics Canada, the largest rise by 4,7% was recorded in the city of Oshawa.
Canadian government has placed a stake on mobilization of foreign workers, tourists and immigrants. In July authorities have launched a new visa program for Russians. Meanwhile both many immigrants and Canadians can not allow purchasing a new home in this country.

As Prian.ru reported, in May 2011 housing prices’ index on the primary property market went up by 0,4% compared to the previous month. It is result from new homes rise in price in Toronto, Oshawa and Montreal. This rate has grown by 0,3% in June. The index has increased by 2,1% over the country year-on year. For comparison: the index in May has grown by 1,9% year-on-year.

Construction Companies of Winnipeg say that new home prices’ rise was caused by building materials appreciation. According to analysts of Statistics Canada, prices growth of new homes in Toronto and Oshawa was caused by increase of demand,  CBC reports.

The city of Windsor headed the eight regions, where significant prices fall was recorded. New housing in Windsor declined in price by 4,3% year-on-year. (PRIAN International Property)
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