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    Canada’s new housing price index climbs 0.2% in February | 09.04.2015

     

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

     

     

    The increase was driven by gains in the Toronto and Oshawa region where prices rose 0.3% as some builders offered promotional packages.

     

     

    Prices were unchanged in nine of the 21 metropolitan areas.

     

     

    On a yearly basis, new housing price index in Canada climbed 1.4% in February, after a 1.4% increase in January.


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