Canada's new housing show biggest gains in 7 months

Financial Post

New housing prices in Canada rose by 0.3% in August from July, the largest advance in seven months, on strong gains in two of the biggest metropolitan areas, Statistics Canada said on Thursday.  Market analysts had expected a 0.1% rise.  The month-to-month gain was the largest since the 0.3% increase seen in January.  The combined region of Toronto and Oshawa - which accounts for 28% of the entire market - was the biggest contributor to the overall gain, rising 0.3 % on better list prices and market conditions.

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Michael James

Michael James

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