Canada New House Prices Rise 0.4% in July

By Paul VieiraFeaturesDow Jones Newswires

Canadian new house prices rose in July on the strength of demand in Vancouver real estate.

Canada's new housing price index increased 0.4% in July on a month-over-month basis, Statistics Canada said Thursday. That was bang on with market expectations, according to economists at Royal Bank of Canada.

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On a 12-month basis, Canadian new house prices increased 3.8% in July.

The data covers prices for newly built single-detached and semi-detached residences, and row houses. They don't incorporate prices for new condominiums.

Write to Paul Vieira at paul.vieira@wsj.com

(END) Dow Jones Newswires

September 14, 2017 09:12 ET (13:12 GMT)