Canadian House Price Index Rose 0.2% in September

Higher new home prices in British Columbia were responsible for most of the national gain in September, while results in the rest of Canada were mixed.

usdcad Canadian dollar graph, November 9, 2017 New house prices in Canada rose 0.2% in September, largely reflecting increases in the census metropolitan areas (CMAs) of Kelowna (+0.9%) and Vancouver (+0.7%). Builders tied the rise to improved market conditions.

Prices for new homes in most Southern Ontario CMAs were unchanged in September. The exceptions were Oshawa (+0.9%), St. Catharines–Niagara (+0.6%) and London (+0.2%). Toronto and Guelph each reported a fourth consecutive month of no price change.

In Alberta and Saskatchewan, new house prices declined in all four surveyed CMAs, with Regina (-0.3%) recording the largest decrease.

via Statistics Canada

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza