Home prices up slightly in Canada

May 9, 2013 at 12:48 PM

OTTAWA, May 9 (UPI) -- New home prices in Canada rose 0.1 percent in March after a 0.2 percent increase in February, Statistics Canada reported Thursday.

Nationally, month-to-month home price increases have been steady for the past year, rising in a range of 0.1 percent to 0.3 percent since March 2012, the data agency said.

For March, the largest price increase was reported by Regina, the capital of Saskatchewan with an increase of 0.7 percent. That was followed by a 0.5 percent price climb in both Windsor, Ontario, and Saskatoon Saskatchewan, the data agency said..

On a 12-month basis, Winnipeg posted the largest gains with prices up 5.1 percent from March 2012.

The agency's new home price index for March came in at 109.4, up from 109.3 in February.

The index is a comparison to the average index reading for 2007, which was assigned a value of 100.

Related UPI Stories
Latest Headlines
Trending Stories
Vatican: Pope's meeting with Kim Davis not a show of support
Potential male contraceptive found in study with mice
Cancer and height are linked, new study shows
Hacker may have exposed data of 15 million T-Mobile customers
Education Secretary Arne Duncan to step down in December