New Home Prices Dipped In September Amid Weak Market

📆 24/10/2023 19:38:00
📰 storeyspub

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 74%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Zoe Demarco is a Staff Writer at STOREYS and was formerly the Urbanized Editor at Daily Hive. Born and raised in Toronto, she has a passion for the city's ever-changing urban landscape.

Poor market conditions and reduced construction costs in Montreal, Edmonton, and Kelowna resulted in a monthly decline in the New Housing Price Index.New home prices dipped across Canada in September, as weak market conditions, falling construction costs, and high interest rates weighed on homebuilding.

Only three CMAs saw prices increase in September; Gatineau led the growth, at 0.5%, while Calgary and Hamilton both registered 0.1% upticks. Ottawa led the decline on a local level for a second straight month, with new home prices falling 4.3% annually. Edmonton and Victoria followed, with respective year-over-year declines of 3.8% and 3.7%.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Big Tech earnings, home prices, SAG-AFTRA: What to WatchYahoo Finance Live co-host Josh Lipton previews the top industry headlines investors should pay attention to for Tuesday, October 24, including earnings from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »