The Daily — New Housing Price Index, October 2024
www150.statcan.gc.ca
On a monthly basis, the New Housing Price Index (NHPI) fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country, as prices were down in 9 out of 27 census metropolitan areas (CMAs) surveyed, but unchanged in 11 CMAs and up in the remaining 7.

On a monthly basis, the New Housing Price Index (NHPI) fell 0.4% in October, the largest monthly decline since April 2009. However, the picture was mixed across the country, as prices were down in 9 out of 27 census metropolitan areas (CMAs) surveyed, but unchanged in 11 CMAs and up in the remaining 7.

  • FlareHeartEnglish
    11·
    4 hours ago

    My current rent: $1600 (no utilities included).
    Tenant insurance: $300 (per year!).
    Tenant total: $1625 per month.

    Mortgage calculation: $1863 per month for a $300,000 mortgage with a 10% down payment.
    Property tax: ~$300 per month.
    House insurance: ~$150 per month.
    Mortgage total: $2313 per month.

    And that is not even including the costs of repairs on the house. In my city a $300,000 house will be in need of some major repairs.

    I’d say I’m doing pretty good. I am saving that extra $700 per month myself and am in a lot better of a position than if I was paying that mortgage.