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.