Investing.com – Canadian new house prices rose more-than-expected in November, official data showed on Wednesday.
In a report, Statistics Canada said its new housing price index rose by 0.3% in November, after rising by 0.1% in October.
Analysts had expected the new housing price index to rise by 0.1% in November.
According to the data, the top contributors to the NHPI monthly increase in November were Toronto and Oshawa, as well as Ottawa–Gatineau.
The report said that year-on-year, the NHPI was up 2.3% in November, after rising by 2.5% in October.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD slumping 0.52% to hit 0.9852.
In a report, Statistics Canada said its new housing price index rose by 0.3% in November, after rising by 0.1% in October.
Analysts had expected the new housing price index to rise by 0.1% in November.
According to the data, the top contributors to the NHPI monthly increase in November were Toronto and Oshawa, as well as Ottawa–Gatineau.
The report said that year-on-year, the NHPI was up 2.3% in November, after rising by 2.5% in October.
Following the release of the data, the Canadian dollar was up against its U.S. counterpart, with USD/CAD slumping 0.52% to hit 0.9852.