Statistics Canada released its new housing price index on Thursday. New housing price index in Canada rose 0.1% in September, missing expectations of a 0.2% gain, after a 0.3% rise in August.

The increase was driven by gains in Toronto region and Vancouver. New home prices in Toronto and Oshawa region rose 0.2% in September, while new home prices in Vancouver climbed 0.4%.

On a yearly basis, new housing price index in Canada climbed 5.6% in September, after a 1.3% gain in August.