New home prices up marginally in Canada

Oct. 10, 2013 at 2:48 PM

OTTAWA, Oct. 10 (UPI) -- New home prices in Canada rose 0.1 percent in August following a 0.2 percent rise in July, Statistics Canada reported Thursday.

The highest month-to-month gains in July were posted by Calgary, where new home prices rose 0.6 percent due to higher costs for labor and materials and due to a shortage of developed land.

StatsCan said prices rose 0.3 percent in Montreal and Saskatoon. Prices fell in Vancouver, Halifax, Ottawa and Victoria, largely due to negotiated selling prices, StatsCan said.

Related UPI Stories
Latest Headlines