Wednesday, November 22, 2006

Ottawa Household Prices Gain Reach 2%

Homeowners' replacement cost, which represents the worn-out structural portion of housing and is estimated using new housing prices (excluding land), rose by 8.8 per cent between October 2005 and October 2006. Mortgage interest cost rose four-per-cent during the same period, its largest 12-month increase since May 2001.


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