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player ready...Statistics Canada said its new house price index was 117.3 in August, up 0.5 percent from July, and up 4.7 percent from a year earlier.
The index, which has a base of 100 for 1997, reflects contractors’ selling prices for new houses.
Fourteen of the 21 urban areas surveyed showed gains in August, with the largest increases in Quebec City and Montreal, at 1.7 percent and 1.4 percent, respectively. The only decline was in Vancouver, where prices were down 0.2 percent. Six areas recorded no change in prices in August.
Among major Canadian cities, new house price changes in August included: Halifax, Nova Scotia, unchanged from July and up 4.3 percent from August 2002; Quebec City, up 1.7 percent from July and up 9.3 percent from a year earlier; Montreal, up 1.4 percent and 7.1 percent; Ottawa-Gatineau, unchanged and up 2.2 percent; Toronto, up 0.7 percent and 5.1 percent; Calgary, Manitoba, up 0.2 percent and 4.4 percent; Edmonton, Alberta, up 0.1 percent and 3.9 percent; Vancouver, down 0.2 percent and up 3.5 percent; Victoria, British Columbia, up 1.3 percent and up 8.4 percent.