Statscan recently released information on new housing prices throughout the major cities in Canada. The prices reflect December 2006 to December 2007.

The St. John's Real Estate Market year-over-year increase in new housing prices was 7.9 per cent.

The fastest pace was Saskatoon, which led the nation with an annual price increase of a whopping 45.1 per cent .

Regina, the year-over-year increase was 25.9 per cent.

Calgary, prices rose 6 per cent between December, 2006 and December, 2007.

Edmonton, home buyers saw prices that were 21.5 per cent higher than in December, 2006, down from the high of 41.5 per cent recorded in December, 2006.

Winnipeg experienced a year-over-year increase in December of 15 per cent.

Prices were more moderate in Ontario and Quebec

• 5.9 per cent in Greater Sudbury and Thunder Bay,
• 3.4 per cent in Toronto and Oshawa
• 3.1 per cent in St. Catharines-Niagara
• 3.1 per cent in London
• 0.6 per cent in Ottawa-Gatineau
• 6 per cent in Quebec City
• 4.1 per cent in Montreal

Halifax Real Estate market increased by 10.4 per cent.