A new home under construction in North Vancouver, B.C., Tuesday, June 12, 2018. THE CANADIAN PRESS Jonathan HaywardOTTAWA -- Prices of new homes jumped half a per cent in August, the biggest one-month increase since May 2017,The rising prices stem both from increased demand from homebuyers and higher building costs, according to the index, which scores 27 cities based on how their prices compare to December 2016.
Canada is seeing a lumber shortage as more people look to renovate, and sawmills are producing less amid staffing measures to stop the spread of COVID-19. Earlier this summer, builders reported increased costs from pandemic-related delays. Oshawa, Ont., and Quebec City saw the biggest jump, with price increases of nearly two per cent between July and August. Halifax has also been on a tear, up 1.6 per cent in August -- the eighth consecutive monthly increase.
so much for CMHC predictions
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Prices of new homes in Canada jump the most in three years as lumber costs riseShortages for lumber and other building materials are driving up construction costs this year How much is a piece of Canadian lumber in the US ? Who would want to own a home anyways? I live in a cardboard box down by the river.
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Prices of new homes in Canada jump the most in three years as lumber costs riseShortages for lumber and other building materials are driving up construction costs this year cafreeland JustinTrudeau did not promise to make things more affordable? (see slide 7) Just when you thought you could almost afford a tiny home in Nunavut!☃️ Good thing corporations had no stumapge fees in COVID-19 BC. Free stumpage plus uping the price of lumber, because 'COVID-19' is a clever virus.
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Toronto and Vancouver now joined by two more Canadian cities with 'overvalued' homesCanada\u0027s housing market moderately vulnerable, CMHC says The beauty of not having a mortgage. Watch the smaller areas in proximity to large centres, for instance places like Whistler where people from YVR are moving to. I noticed the house price range that is selling on our Gulf Island has shot up over last year. Perhaps a migration from city to more space(remote workers)
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Housing market 'moderately' vulnerable amid potential overvaluation of homes: CMHCCanada Mortgage and Housing Corp. says there was some evidence of overvaluation in Canada's housing market this spring amid the COVID-19 pandemic. Overvaluation...Houses that sold for $350k a couple years ago are selling for $5-600k, no shit there is overvaluation! no shit sherlock
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