StatsCan new home price index up 0.1 percent in July

OTTAWA—Statistics Canada says its new housing price index rose 0.1 percent in July, following a 0.2 percent increase in June.
The agency says the Calgary area was the top contributor to the advance as builders reported higher material and labour costs.

It says the largest monthly price jump in July came in St. John’s, NL, where prices were up 0.6 percent.
On a year-over-year basis, the price index rose 2.3 percent in the 12 months to July, following a similar year-over-year increase the previous month.
Higher prices in the combined metropolitan regions of Toronto and Oshawa were the main contributors to this increase.
The largest year-over-year increases in contractors’ selling prices occurred in Regina, where they rose 4.7 percent and Toronto and Oshawa, where they were up 4.6 percent.