Canada’s new home price index rose 0.1 percent in October led by gains in Saskatchewan, the government statistics agency said.
Prices in Regina and Saskatoon, the two largest cities in the prairie province, rose 0.6 percent from the previous month. Prices in Toronto rose 0.1 percent, were unchanged in Montreal and fell 0.2 percent in Vancouver, Statistics Canada said today in Ottawa.
Economists forecast 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 1.5 percent in October, the slowest annual rise since February 2010.
In a separate report, Statistics Canada said the country’s net foreign debt declined to C$66.2 billion ($62.6 billion) in the third quarter, the lowest since 2007, from C$107.2 billion the previous quarter. The decline was due mainly to stronger foreign stock markets, which boosted the value of Canadian direct and portfolio investment abroad, the agency said.
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