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

Market news

12 May 2016

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

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

The increase was mainly driven by higher prices in Toronto and Vancouver. New home prices in Toronto and Oshawa region rose 0.4% in March, while prices in Vancouver climbed 0.4%.

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