Economics
New Home Prices in Canada Jump Most in Three Years on Lumber
- Price index rises 0.5% in August, most since May 2017
- Statistics agency cites strong demand, costlier materials
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Canadian new home prices recorded their sharpest one-month gain in three years with higher demand and rising costs for building materials.
Prices rose 0.5% in August, Statistics Canada said Monday in Ottawa. That’s the biggest increase since May 2017. Gains were recorded in most of the country’s big metropolitan centers.