Canada new home prices edge up 0.1 percent in August, 1.8 percent on year
(Reuters) - New housing prices in Canada rose 0.1 percent in August from the previous month and were a tame 1.8 percent higher than a year earlier, Statistics Canada said on Thursday. However, the index excludes condominiums, where the property market is hotter.
Calgary was the top contributor to the national increase, with prices rising 0.6 percent in August as a result of market conditions, higher material and labor costs as well as a shortage of developed land.
(Reporting by Alex Paterson; Editing by Randall Palmer)
© Thomson Reuters 2017 All rights reserved.