House price updates

House prices barely budge; building permits drop.



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Canadian house prices barely budged in November according to Statistics Canada. The house price index rose 0.1% that month following a 0.2% increase in October. The highest increase was in London, Ont. where the index rose 0.6% and the greatest drop was in Victoria, B.C. with a 0.5% decrease.

StatsCan also reported on the number of municipalities issuing building permits in Nov. Building permits totally $6.2 billion, down 17.9% from Oct. and the lowest performance since Jan. 2012. The building permit decrease follows a 15.9% increase in October.

One comment on “House price updates

  1. The house price updates should help many people who are in search of good houses at a cheaper price. Thanks for updating this useful info to the readers and this makes your blog my favorite one. Keep posting such useful ones.


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