Canada new home prices rise in July unexpectedly

Fri Sep 11, 2009 8:32am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(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...