• Canada’s new housing prices increase 0.6 percent in November

Notícias do Mercado

21 dezembro 2020

Canada’s new housing prices increase 0.6 percent in November

Statistics Canada reported on Monday the New Housing Price Index (NHPI) rose 0.6 percent m-o-m in November, following a 0.8 percent m-o-m gain in the previous month.

According to the report, new home prices rose in 21 out of the 27 census metropolitan areas (CMAs) surveyed in November, with Kitchener-Cambridge-Waterloo (+2.1 percent m-o-m), Ottawa (+2.1 percent m-o-m) and Gatineau (+2.0 percent m-o-m) recording the largest monthly gains. On the contrary, Regina (-0.1 percent m-o-m) was the only CMA with decreased new home prices in November.

In y-o-y terms, NHPI climbed 4.6 percent in November, following a 3.9 percent advance in the previous month. This was the largest y-o-y increase since April 2008.

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