Investing.com – Canadian new house prices rose broadly in line with expectations in September, official data showed on Wednesday.
In a report, Statistics Canada said its new housing price index rose by 0.2% in September, in line with market expectations.
New house prices rose by an unrevised 0.1% in August.
The metropolitan region of Toronto and Oshawa was the top contributor to the increase in September.
Year over year, the NHPI was up 2.3% in September following similar increases in July and August. The main contributor to the advance in September was the metropolitan region of Toronto and Oshawa.
Following the release of the data, the Canadian dollar remained sharply lower against its U.S. counterpart, with USD/CAD jumping 1.37% to trade at 1.0227.
In a report, Statistics Canada said its new housing price index rose by 0.2% in September, in line with market expectations.
New house prices rose by an unrevised 0.1% in August.
The metropolitan region of Toronto and Oshawa was the top contributor to the increase in September.
Year over year, the NHPI was up 2.3% in September following similar increases in July and August. The main contributor to the advance in September was the metropolitan region of Toronto and Oshawa.
Following the release of the data, the Canadian dollar remained sharply lower against its U.S. counterpart, with USD/CAD jumping 1.37% to trade at 1.0227.