New home prices dip in December: Statistics Canada

Fri, Feb 10, 2012

Vancouver Real Estate

Metro Vancouver’s new home prices dropped slightly in December as builders continued enticing buyers with incentives that included everything from eating the HST to paying strata fees for up to a year. “Builders are sharpening their pencils in many cases because they have standing inventories and want to get on with the next project,” Greater Vancouver Home Builders’ Association president and chief executive officer Peter Simpson said. “Some are including [the HST] in the price, while others are offering limited time offers on no HST. Buyers should go in with the view to negotiate.”

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