Canada’s new housing price index climbs 0.3% in April
Statistics Canada released its new housing price index on Thursday. New housing price index in Canada rose 0.3% in April, exceeding expectations of a 0.2% gain, after a 0.2% rise in March.
The increase was mainly driven by higher prices in Toronto and Vancouver. New home prices in Toronto and Oshawa region rose 0.7% in April, while prices in Vancouver climbed 0.2%.