Canada new home prices climb 0.2 percent in February

Thu Apr 10, 2014 8:32am EDT
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(Reuters) - New home prices in Canada rose 0.2 percent in February from the previous month, following a 0.3 percent monthly increase in January, Statistics Canada said on Thursday.

The metropolitan region of Calgary was the top contributor to the February gain, with prices up 0.9 percent. The combined Toronto-Oshawa region rose 0.2 percent, matching the previous month, while prices in Vancouver were flat.

Following are the percentage changes:

Month on Month Year on Year

Feb Jan Feb Jan

Total +0.2 +0.3 +1.5 +1.5

House only +0.4 +0.3 +1.8 +1.5

Land only +0.1 +0.2 +0.9 +0.9

NOTE: The median forecast of analysts surveyed by Reuters was for a 0.1 percent monthly increase in new home prices in February.

(Reporting by Alex Paterson; Editing by Randall Palmer)