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- Canada’s new housing prices increase 0.6 percent in November
Canada’s new housing prices increase 0.6 percent in November
Statistics
Canada reported on Monday the New Housing Price Index (NHPI) rose 0.6 percent
m-o-m in November, following a 0.8 percent m-o-m gain in the previous month.
According to
the report, new home prices rose in 21 out of the 27 census metropolitan areas
(CMAs) surveyed in November, with Kitchener-Cambridge-Waterloo (+2.1 percent
m-o-m), Ottawa (+2.1 percent m-o-m) and Gatineau (+2.0 percent m-o-m) recording
the largest monthly gains. On the
contrary, Regina (-0.1 percent m-o-m) was the only CMA with decreased new home
prices in November.
In y-o-y terms,
NHPI climbed 4.6 percent in November, following a 3.9 percent advance in the
previous month. This was the largest y-o-y increase since April 2008.
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