Investing.com - Canadian new house prices rose broadly in line with market expectations in October, easing concerns over the health of the nation's real estate sector, official data showed on Thursday.
In a report, Statistics Canada said its new housing price index rose by a seasonally adjusted 0.1% in October, meeting forecasts, and following a 0.1% increase in September.
The census metropolitan area of Vancouver was the top contributor to the October growth, with prices up 0.4% over the previous month.
Following the release of the data, the Canadian dollar was lower against its U.S. counterpart, with USD/CAD rising 0.13% to hit 1.1496.