Sunday, May 15, 2011

New house prices flat in March

The New Housing Price Index was unchanged in March following a 0.4 per cent advance in February.

Statistics Canada reports monthly increases in some cities were offset by decreases in others, resulting in no change to the national index.

Prices rose the most in Saint John, Fredericton and Moncton, N.B. (up 0.4 per cent) between February and March.

They were followed by Toronto and Oshawa, Winnipeg and Regina (all three registering increases of 0.3 per cent).

The most significant monthly price decreases were recorded in Quebec City (down 0.7 per cent), Windsor (down 0.6 per cent) and Edmonton (down 0.2 per cent).

Year over year, the index was up 1.9 per cent in March after a 2.1 per cent increase in February.

Source: OTTAWA— The Canadian Press

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