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Housing Costs Increasing In Canada

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
13 October 2001 - 8:00am

Survey shows majority of Canadian developers expect costs increases in the next twelve months.

"You will be paying substantially more for a new house in virtually every Canadian city over the next year, and demanding buyers are part of the reason.Statistics Canada?s New Housing Price Index, an index of contractors' selling prices, rose 2.6 percent this spring compared with the first quarter of 2000. This was the highest annual increase since May 1990, when the index advanced 3.8 percent."

Full Story: Canadian Housing
Source: Inman News, October 11, 2001
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