New housing prices in Canada were 2.7 percent lower in September 2009 than they were 12 months earlier, Statistics Canada said Thursday.
New house prices increased 0.5 percent in September over August, Statistics Canada said Thursday.
That's an improvement from the 3.1 percent annual decline posted in August, but western Canadian markets continue to experience large year-over-year drops.
Prices have sunk by an average of 10.4 percent in Victoria, 6.4 percent in Vancouver, 11.4 percent in Edmonton and 5.1 percent in Saskatoon over the past year.
Among surveyed cities, the largest year-over-year increase was again registered in St. John's, at 7.5 percent.
Monthly increases
On a monthly basis, contractors' selling prices rose 0.5 percent in September, the largest month-over-month increase since January 2008.
The largest average monthly increase in the country was in the Vancouver market, at 1.4 percent. Vancouver prices continued to increase as some builders moved to new phases of development, the data agency said.
