BUSINESS

New housing price index unchanged in September: StatsCan

11/14/2013 08:58 EST | Updated 01/23/2014 06:58 EST
OTTAWA - Statistics Canada says its new housing price index was unchanged in September, following a 0.1 per cent advance in August.

It says a monthly price increase in Calgary was offset by a decline in Edmonton, resulting in no change to the national index.

Calgary prices rose 0.5 per cent due to rising material and labour costs as well as higher land development costs.

New housing prices fell 0.4 per cent in Edmonton as a result of lower negotiated selling prices.

Prices were unchanged in 11 of the 21 metropolitan areas surveyed.