National Housing Price Index

Cameron Muir, Chief Economist, of the BC Real Estate Association released the following news release today:

The National Housing Price Index  increased 0.1 per cent in Vancouver during August compared to July. Year-over-year in August the NHPI in Vancouver climbed 4.4 per cent.

New home prices in Canada exhibited more stability than many analyst expectations given the implementation of the HST in July to Ontario and BC. Compared to August 2009, the NHPI was up 2.9 per cent across the country.

“Copyright British Columbia Real Estate Association. Reprinted with permission.” BCREA makes no guarantees as to the accuracy or completeness of this information.