08/09/2012 08:52 EDT | Updated 10/09/2012 05:12 EDT

Canada House Prices: June Saw 0.2 Per Rise In New Homes, StatsCan Says


OTTAWA - Statistics Canada says its price index for new homes rose 0.2 per cent in June, following a 0.3 per cent increase in May.

The largest May-to-June increases came in the southern Ontario region of Kitchener–Cambridge–Waterloo, where prices rose 1.7 per cent, followed by Winnipeg at 0.7 per cent and Victoria at 0.6 per cent.

On a year-over-year basis, the index was up 2.3 per cent in June, after a 2.4 per cent increase in May.

Toronto and Oshawa again were the driving forces behind this increase, rising 5.0 per cent.

Of the 21 metropolitan regions surveyed, three posted 12-month price declines in June, with Victoria recording the largest decrease at 2.6 per cent.

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