Canada’s new housing price index climbs 0.2% in February

Market news

9 April 2015

Canada’s new housing price index climbs 0.2% in February

Statistics Canada released its new housing price index on Thursday. New housing price index in Canada rose 0.2% in February, exceeding expectations for a 0.1% gain, after a 0.1% decrease in January.

The increase was driven by gains in the Toronto and Oshawa region where prices rose 0.3% as some builders offered promotional packages.

Prices were unchanged in nine of the 21 metropolitan areas.

On a yearly basis, new housing price index in Canada climbed 1.4% in February, after a 1.4% increase in January.

Wholesale inventories in the U.S. rises 0.3% in February

U.S.: Wholesale Inventories, February 0.3% (forecast 0.1%)

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