Statistics Canada released its new housing price index on Thursday. New housing price index in Canada rose 0.3% in June, exceeding expectations of a 0.1% gain, after a 0.2% rise in May. It was the biggest monthly rise since August 2014.
The increase was driven by gains in Toronto.
On a yearly basis, new housing price index in Canada climbed 1.3% in June, after a 1.2% gain in May.