Investing.com – Canadian new house prices rose broadly in line with expectations in February, official data showed on Tuesday.
In a report, Statistics Canada said its new housing price index rose by 0.4% in February, after rising by 0.2% in January.
According to the data, the top contributors to the NHPI monthly increase in February were Toronto and Oshawa, as well as Edmonton.
The report said that year-on-year, the NHPI was up 2.1% in February, after rising by 1.9% in January.
The year-on-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD edging 0.09% higher to hit 0.9575.
In a report, Statistics Canada said its new housing price index rose by 0.4% in February, after rising by 0.2% in January.
According to the data, the top contributors to the NHPI monthly increase in February were Toronto and Oshawa, as well as Edmonton.
The report said that year-on-year, the NHPI was up 2.1% in February, after rising by 1.9% in January.
The year-on-year NHPI has been registering positive changes since January 2010.
Following the release of the data, the Canadian dollar was down against its U.S. counterpart, with USD/CAD edging 0.09% higher to hit 0.9575.