OTTAWA, Nov. 14 (UPI) -- New home prices in Canada were unchanged in September after a nominal rise in August, Statistics Canada reported Thursday.
Home prices have made little movement in three months, having risen 0.2 percent in July and 0.1 percent in August. In September, the largest increase occurred in Calgary, Alberta, where home prices rose 0.5 percent due to rising costs for materials and labor.
Over 12 months, home prices in Canada were up 1.6 percent in September, the lowest annual increase since February 2010.
Calgary, Alberta, set the pace on 12-month gains with prices up 6.3 percent.
In Winnipeg, Manitoba, prices were up 4.6 percent over 12 months. In the St. Catharines-Niagara area in Ontario, prices rose 3.2 percent. In Regina, Saskatchewan, prices were up 2.6 percent over 12 months.