- Canadian Tax Resource Blog - http://blog.taxresource.ca -

New House Prices Down For the Second Month in a Row

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.