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A for sale sign hangs in the front yard of a property in Burnaby, British Columbia, Monday, April 16, 2012. (Rafal Gerszak/Rafal Gerszak for The Globe and Mail)
A for sale sign hangs in the front yard of a property in Burnaby, British Columbia, Monday, April 16, 2012. (Rafal Gerszak/Rafal Gerszak for The Globe and Mail)

New house prices advance in April Add to ...

Statistics Canada says its new housing price index rose 0.2 per cent in April, following a 0.3 per cent increase in March.

On a year-over-year, the index was up 2.5 per cent in April, following a 2.6 increase in March.

The agency says the metropolitan regions of Toronto, Oshawa, Ont., and Edmonton were the main contributors to the March to April increase,

In Toronto and Oshawa, the rise in prices was predominantly due to good market conditions, while Edmonton, builders returned to list prices after reporting promotional pricing and lower negotiated selling prices in previous months.

In April, prices were unchanged in seven of the 21 metropolitan regions surveyed.

St. John’s, N.L., St. Catharines—Niagara and Windsor, Ont. all reported price declines of about 0.1 per cent.

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