Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Canada New House Prices Rise 0.7% in August

09/21/2021 | 09:14am EDT

By Kim Mackrael

OTTAWA-- Canadian new house prices increased in August, continuing the series of gains that began during the spring of 2020.

New house prices in Canada rose 0.7% in August from July, Statistics Canada said Tuesday. From a year ago, new house prices advanced 12.2%.

The Canadian Real Estate Association said last week that existing home sales declined in August for a fifth consecutive month, although they remain at historically elevated levels. Shaun Cathcart, an economist with the association, said last week that Canadian housing markets appear to be stabilizing somewhere between their pre-pandemic level and the peaks they reached during the pandemic.

According to Statistics Canada, new house prices rose in 13 of the 27 metropolitan areas tracked. The biggest advance was recorded in London, Ontario, a city about 100 miles southwest of Toronto, where prices rose 3.9% in August from the previous month.

Write to Kim Mackrael at kim.mackrael@wsj.com

(END) Dow Jones Newswires

09-21-21 0913ET

Latest news "Economy & Forex"
Latest news "Economy & Forex"