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New Housing Price Index, August 2020
Prices for new homes increased for the fourth consecutive month, rising 0.5% nationally in August. This marked the largest monthly increase for new home prices at the national level since May 2017. New home prices rose in most of the 27 census metropolitan areas (CMAs) on increasing demand for single-family homes and higher building material costs in the wake of the pandemic. With physical distancing measures still in place, some homeowners chose to divert their summer vacation funds towards renovations and home improvements. Oshawa (+1.8%) and Québec (+1.7%), which offer relatively more affordable housing prices ... (full story)