Posted AT 8:56 AM EST on 12/05/08
New home prices show signs market is cooling
Ottawa — Prices for new homes in Canada rose 0.2 per cent in March from a month earlier, and 6.1 per cent over the past year, Statistics Canada says.
The month-over-month increase was exactly as economists had predicted.
And the 6.1 per cent year-over-year increase, slightly slower than the 6.2 per cent rise noted in February, also vindicated expectations that housing prices in Canada are no longer rising quickly.
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