Spike experienced in new home prices in Canada

The Calgary CMA saw prices decline by 0.1 per cent from the previous month and by 1.2 per cent from a year ago. In the Edmonton CMA, prices were flat month-over-month but down 0.7 per cent year-over-year

Spike experienced in new home prices in CanadaPrices for new homes increased for the fourth consecutive month, rising 0.5 per cent nationally in August, marking the largest monthly increase for new home prices at the national level since May 2017, according to Statistics Canada.  “New home prices rose in most of the 27 census metropolitan areas (CMAs) on increasing demand for single-family…

Investment in Canadian building construction increases

“Construction activity has rebounded in the last few months, with investment in building construction remaining slightly lower than February 2020 levels, before COVID-19 construction restrictions were first put in place.”

Investment in Canadian building construction increasesTotal investment in building construction in Canada increased 1.8 per cent to $15.1 billion in July, according to Statistics Canada. The federal agency reported Monday that the residential sector investment increased 4.9 per cent to $9.9 billion, while non-residential investment decreased 3.7 per cent to $5.3 billion.  “Construction activity has rebounded in the last few…

New research reveals what makes condos sell

Construction and design features matter more to buyers than price or age of properties, engineering researchers find

New research reveals what makes condos sellPhysical features such as construction materials, interior finishes and air conditioning are better determinants of how well a condo sells than price or building age, according to a University of Alberta study looking to pinpoint design-related features that increase the probability of a condo’s sale. “We’re trying to provide a framework through which builders can evaluate…

Calgary region housing starts plunge in August

The national trend in housing starts increased for a third consecutive month in August

Calgary region housing starts plunge in AugustCalgary region housing starts plunged in August, according to new data released Wednesday by Canada Mortgage and Housing Corporation. The federal agency said single-detached starts in the Calgary census metropolitan area fell by 37 per cent year-over-year to 211 units while the all other category, which includes condominiums, dropped by 26 per cent to 525…
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