Posted AT 11:12 AM EST on 09/03/06
Cost of new homes climbs
Canadians waiting for the price of new homes to ease are going to have to wait a while longer, especially if they are buying in Alberta.
Nationally, the pace of new-house price increases reached 0.9 per cent in January, compared with a rise of 0.6 per cent in December, Statistics Canada said Thursday. On an annual basis, prices jumped 6.6 per cent, the biggest 12-month rise since February, 1990.
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