It was reported today that in October, new house prices have shown a small dip in Toronto, Victory and Calgary, however the trend across Canada in geenral is still upward.

In oil rich Calgary where the trend has been up up up since November 2004, there was a slight decrease of 0.5 per cent on Septembers values.

On an national basis the index shows that new house prices rose by only 0.2 per cent in October, this is the lowest increase since July of 2005 and may finally indicate that Canada’s housing market is finally cooling a little.

For the latest information specific to your area you should consult your local Toronto Real Estate Agent Alan Read-Chua