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.
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.