- Analytics
- News and Tools
- Market News
- Following two consecutive months of no change, Canadian new home prices were down 0.2% in February
Following two consecutive months of no change, Canadian new home prices were down 0.2% in February
Lower prices for new homes in Toronto were the main reason for a national price decline in February.
Following two consecutive months of no change, new home prices were down 0.2% nationally. This was the first decrease at the Canada level since July 2010. Recent mortgage rate increases along with tighter mortgage regulations are likely contributors to the decline.
Builders in Toronto reduced their prices by 0.6% in February, citing unfavourable market conditions. This was the second consecutive decline, and the largest for this census metropolitan area (CMA) in eight years.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
