The New Housing Price Index (NHPI) edged up 0.1% in December, following a 0.2% increase in November. The advance was led by higher new home prices in Ontario and British Columbia. December marked the second consecutive month of slowing price gains. Chart 1 Chart 1: New Housing Price Index New Housing Price Index Chart 1: New Housing Price Index The combined region of Toronto and Oshawa (+0.2%) was the top contributor to the national gain in December, while St. Catharines–Niagara recorded the largest monthly price increase (+0.9%). Builders in both areas cited new list prices and market conditions as the main reasons ... (full story)