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New house price index up in November

OTTAWA - Statistics Canada says its new-house price index rose 0.1 per cent in November, following a 0.2 per cent increase in October.

The agency says the combined metropolitan region of Toronto and Oshawa was the top contributor to the advance.

The largest monthly price advance in November occurred in London, where prices were up 0.6 per cent, followed by Halifax and St. Catharines–Niagara, which recorded a 0.5 per cent increase.

Prices were down 0.5 per cent in Victoria and 0.4 per cent in Vancouver.

On a year-over-year basis, the index rose 2.2 per cent in the 12 months to November, following a 2.4 per cent increase the previous month.

Again, the main contributor to the advance was the combined metropolitan region of Toronto and Oshawa, where the year-over-year-increase in was 4.1 per cent.

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