Canadian June New Home Price Index Rises 0.2% on Calgary Gains
Canada’s new home price index rose 0.2 percent in June, led by increases in Calgary, the government statistics agency said.
Calgary, which recorded a 0.5 percent advance, has led gains for five straight months, Statistics Canada said today in Ottawa. Prices also rose 0.5 percent in Saskatoon and 0.3 percent in Edmonton.
Economists predicted the index would rise 0.1 percent, according to the median estimate in a Bloomberg survey with nine responses. From a year earlier, new home prices increased 1.8 percent in June.
Today’s data showed prices in Toronto, the nation’s largest city by population, were unchanged in June. Montreal, the second-largest, saw house prices climb 0.1 percent while those in Vancouver, the third-largest, fell 0.2 percent.
To contact the reporter on this story: Theophilos Argitis in Ottawa at firstname.lastname@example.org