Here is an article that was published in the Financial Post last week that gives some information about Canadian Real Estate housing price trends:
OTTAWA - Canada's new house price index dropped again in February, down 0.7%, compared with a decline of 0.6% one month earlier.
Prices were down 1.8% from a year earlier, the largest year-on-year decrease since 1996.
Between January and February, prices declined 3% in Edmonton, followed by Vancouver (-2.9%), Saskatoon (-2.1%), Victoria (-1.7%) and Calgary (-0.9%). In all these cities, except for Saskatoon, poor market conditions continued to be the main reason for the decreases. In Saskatoon, declines were attributed to lower material and labour costs and competitive market conditions.
In Quebec, new housing prices increased 2.6% from a month earlier.
In Charlottetown, prices increased by 1.2% partly as a result of increased land values in the current market.
Prices also increased from a month earlier in Regina, up 0.9% and in London, Ont., also up 0.9%.
February was the second straight month in which prices declined year-on-year.
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