Ontario and British Columbia saw the largest overall gains in new home prices with the combined Toronto/Oshawa region and Vancouver advancing 0.4 per cent. The metro with the largest gain was London, up 0.8 per cent.
Windsor and Winnipeg were both up 0.3 per cent but there were declines for Saskatoon (down 0.4 per cent) and St John’s (down 0.1 per cent) while 11 of the 21 surveyed metros saw no change.
On an annual basis, new home prices were up 2 per cent from March 2015.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Hammond, St. Georges, New Maryland, Great Village, Notre-Dame-de-Lorette
The cost of new homes has risen again, the 12th consecutive rise, according to Statistics Canada. Nationally, the cost of new housing rose 0.2 per cent in March, the same as in February.