Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A for sale sign rests on the lawn of a condo building in downtown Vancouver, British Columbia, Thursday, August 2, 2012. (Rafal Gerszak For The Globe and Mail)
A for sale sign rests on the lawn of a condo building in downtown Vancouver, British Columbia, Thursday, August 2, 2012. (Rafal Gerszak For The Globe and Mail)

New home price index edges higher in July Add to ...

Statistics Canada says its new housing price index rose 0.1 per cent in July, following a 0.2 per cent increase in June.

The agency says the Calgary area was the top contributor to the advance as builders reported higher material and labour costs.

It says the largest monthly price jump in July came in St. John’s, NL, where prices were up 0.6 per cent.

More Related to this Story

On a year-over-year basis, the price index rose 2.3 per cent in the 12 months to July, following a similar year-over-year increase the previous month.

Higher prices in the combined metropolitan regions of Toronto and Oshawa were the main contributors to this increase.

The largest year-over-year increases in contractors’ selling prices occurred in Regina, where they rose 4.7 per cent and Toronto and Oshawa, where they were up 4.6 per cent.

Follow us on Twitter: @GlobeBusiness

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories