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New Housing Price Index, August 2019
Nationally, new housing prices were up 0.1% in August, the first increase since July 2018. Notable increases were observed in the census metropolitan areas (CMAs) of Sherbrooke (+2.1%), Montréal (+1.1%) and Trois-Rivières (+0.5%), with higher construction costs as the primary reason for the rise in all three CMAs. New house prices were up in Kitchener–Cambridge–Waterloo (+1.5%) as builders cited favourable market conditions and higher land prices. The growing technology sector and more affordable housing prices relative to Toronto may have contributed to demand in the region. In August, the price of new homes ... (full story)