The Canadian Press
The New Housing Price Index rose 0.1% in February following a 0.4% increase in January.
Statistics Canada reports prices rose in 14 of 21 metropolitan areas between January and February.
Prices increased the most in Regina (up two%), followed by Winnipeg and London (both up 1.9).
Toronto and Oshawa (down 0.7%) as well as Charlottetown (down 0.5) were the only metropolitan areas to register monthly decreases in February.
Year over year, the index was up 0.9% in February following a 0.1% increase in January.
The largest year-over-year increase was recorded in St. John’s, N.L. (up 5.5%), followed by Winnipeg (4.1) and Quebec City (3.5).
Higher residential land values were the primary reason for the increases in all three metropolitan areas.
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