Canadian new house prices rose slightly in November, on strength in activity in Ottawa, the country's capital.
Canada's new housing price index climbed 0.1% in November 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.
On a 12-month basis, Canadian new house prices increased 3.4% in November.
The data covers prices for newly built single-detached and semidetached residences and row houses. It doesn't incorporate prices for new condominiums, which make up the bulk of housing starts in the country.
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(END) Dow Jones Newswires
January 11, 2018 09:16 ET (14:16 GMT)