New House Prices Down For the Second Month in a Row

by Tax Guy - Burlington Accountant on May 12, 2008 Print This Post Print This Post

Statistics Canada announced this morning that year over year growth in new housing princes slowed for the second consecutive month in March continuing a downward deceleration in the market that begun the fall of 2006.  While house prices still continue to rise, it is the percentage increase that is getting smaller and smaller.

Housing prices are an indicator of the strength of the economy.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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