Canada New House Prices Rise 0.1% in October

By Paul VieiraFeaturesDow Jones Newswires

Canadian new house prices edged upward in October, due to a strength in Ottawa, the country's capital.

Canada's new housing price index rose 0.1% in October on a month-over-month basis, Statistics Canada said Thursday. The increase was below market expectations for a 0.2% rise, according to economists at Royal Bank of Canada.

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On a 12-month basis, Canadian new house prices increased 3.5% in October.

The data covers prices for newly built single-detached and semidetached residences and row houses. It doesn't incorporate prices for new condominiums.

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(END) Dow Jones Newswires

December 14, 2017 08:45 ET (13:45 GMT)