Canada new home prices inch up 0.1 percent in November

Thu Jan 10, 2013 8:36am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

* New home prices rise 0.1 pct vs forecast 0.2 pct gain

* Toronto-Oshawa contributes most to gain

* Vancouver posts big price drop in month

OTTAWA, Jan 10 (Reuters) - Prices of new homes in Canada rose 0.1 percent in November from October on strength in Toronto, the country's biggest city, continuing an advance in prices that began in mid-2009, Statistics Canada said on Thursday.

Analysts had expected a 0.2 percent gain in the new housing price index following a 0.2 percent increase in October.

New home prices in the combined Toronto-Oshawa region contributed the most to the November gain, climbing 0.3 percent.

The biggest declines were in the west coast cities of Vancouver and Victoria, where new home prices fell 0.4 percent and 0.5 percent respectively.

Overall, new housing prices rose in 13 of the metropolitan areas surveyed in November, were unchanged in four areas, and fell in four.   Continued...