Statistics Canada just released its New Housing Price Index, quoting that new housing has increased at ir's slowest pace in over 6 years.

It is interesting to note that the largest gains in home prices was in Regina, Sask., at 28.5%, with Victoria actually showing a decline of 0.4%.

The next Metropolitan area to show substantial increase at 22.2%, was St. John's, Newfoundland and Labrrador which showed a larger increase than Saskatoon, Sask. since December 2005.

 Vancouver was up 1.8% June 2007 to June 2008, with no change from May to June 2008.