Canada New House Prices Rose in September

Canadian new house prices climbed in September, largely reflecting strength in the greater Vancouver market.

Canada's new housing price index rose 0.2% in September on a month-over-month basis, Statistics Canada said Thursday. The increase was in line 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 September.

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

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

(END) Dow Jones Newswires

November 09, 2017 08:57 ET (13:57 GMT)