Canada New House Prices Rose in September

By Paul VieiraFeaturesDow Jones Newswires

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.

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(END) Dow Jones Newswires

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