Canada new house price index for August
- prior report +0.4%
- New housing price index rose by 0.7% versus 0.8% estimate
- home prices rose in 13 of the 27 census metropolitan areas
- new home prices rose 12.2% year over year
- London metropolitan area had the largest on the back of the lowest inventory since 2017. Prices increase by 3.9%. Ottawa prices rose 2.9%. The aggregate for St. John, Fredericton and Moncton come in at 1.7%
- Edmonton saw a -0.5% decline while Saskatoon felt -0.1%
- year on year Ottawa leads the charge with a 27.5% gain followed by Kitchener-Cambridge-Waterloo at 26.9% and Windsor at 22.7%
