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.
Continue Reading Below
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 firstname.lastname@example.org
(END) Dow Jones Newswires
September 14, 2017 09:12 ET (13:12 GMT)