Population and Housing

[ac3r]

Where new home prices have shot up the most in Canada: https://ca.finance.yahoo.com/news/where-...42814.html

New home prices in Canada are shooting up as buyers continue to snap up real estate.

Statistics Canada says prices rose 11.6 per cent year over year in December. The biggest increases weren’t in the country’s biggest cities.

Kitchener–Cambridge–Waterloo took the top spot with a 30.7 per cent year over year jump, breaking its previous record set in October 2021. Supply is the tightest it’s ever been, with only 0.2 months of inventory.

"The Tri-Cities' year-over-year growth is an indication of a larger upward trend we're seeing in markets across southern Ontario, including Hamilton and London,” Mary Johnson, Vice-President of StreetCity Realty, told Yahoo Finance Canada.

“As supply remains low, the search for affordable housing is pushing homebuyers to look beyond the Greater Toronto Area."

The area is also home to a strong high-tech sector, which didn’t bear the brunt of other types of job losses during the pandemic.

No surprise here...