[sdm]

It should be interesting to see the stats in the 3rd qtr here.

With the hst increase in July, and new building code requirements there is a significant cost to building new homes.

2% increase in HST
Roughly a 2% increase in costs related to new building codes imposed in Jan of this year.
that and the no longer offered 2% rebate offered to new homes the effective increase in homes costs is 6% over last year (in July).

Therefore it will be interesting to see if the increase pace can continue as there are a number of large residential developments like Ravines and Bedford West still ongoing.