New house prices rose 0.2 per cent in April: StatsCan

OTTAWA – Statistics Canada says its new housing price index rose 0.2 per cent in April, following a 0.1 per cent increase in March and similar gains over the last 12 months.

The agency says Calgary was the top contributor to the national advance for the third consecutive month, as prices for new homes rose 0.5 per cent in April due to higher material and labour costs as well as market conditions.

The largest monthly price advance occurred in St. John’s, N.L., where prices rose 1.0 per cent, following eight consecutive months of little or no change.

Hamilton followed closely, with prices for new homes rising by 0.8 per cent.

Prices rose 0.6 per cent in Winnipeg and 0.3 per cent in Saskatoon and were 0.1 per cent higher in the combined metropolitan region of Saint John, N.B., Fredericton and Moncton, as well as in Montreal.

Builders reported that prices were unchanged in five of the 21 metropolitan regions surveyed.