Canada new home prices rise in July unexpectedly
(Reuters) - The price of new homes in Canada rose unexpectedly in July for the first time since September 2008, climbing 0.3 percent from June, Statistics Canada said on Friday.
Compared with a year earlier, prices were down 3.2 percent.
Following are the percentage changes:
Month on Month Year on Year
Jul Jun Jul Jun
Total +0.3 -0.2 -3.2 -3.3
House only +0.4 -0.2 -4.1 -4.2
Land only 0.0 -0.1 -1.6 -1.1
NOTE: The median forecast of analysts surveyed by Reuters was for a decline of 0.1 percent in new housing prices in July. Continued...