Home > real-estate > House Price Rise May 2010 – New vs Resales

House Price Rise May 2010 – New vs Resales

In May 2010, the Year-on-Year %:

New Homes 2.9% (StatCan)
Resale Homes 8.51% (CREA)

May 2009 – May 2010 – 2.2%

Most of the increase in prices has happened in the first quarter of this year…

Change in new house prices for all of Canada

Source: Statistics Canada

The following chart shows the year-over-year increase in May 2010 in new house prices by major cities

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