New House Prices in Canada Rise 0.2% in February
New House Prices in Canada Rise 0.2% in February New housing prices in Canada rose 0.2 percent in February from January, driven by continued strength in key areas of Toronto and Vancouver, Statistics Canada said Thursday.
Analysts polled by Reuters had forecast a rise of 0.1 percent from January. Compared with February 2015, prices were up 1.8 percent.
The Toronto and Oshawa region, which represents 27.9 percent of the total Canadian market, posted a 0.4 percent advance. Prices in Vancouver, representing 13.0 percent of the market, rose 0.8 percent, the most since September 09.
manufacturers in both regions cited new list price market conditions the main reasons of force.
the western city of Calgary, the capital of the energy industry in trouble in Canada, saw prices fall 0.5 percent, the biggest decline since July 2011.
via Reuters
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