New Home Prices in Canada Climb Month-Over-Month and Year-Over-Year in August

Statistics Canada (StatsCan) reported on Tuesday (9-21-21) that in August new house prices in Canada rose 0.7% month-over-month and are up year-over-year 12.2%. The latest increase continues the series of gains that began in May of 2020.

According to StatsCan, new house prices rose in 13 of the 27 metropolitan areas tracked. The biggest advance was recorded in London, Ontario, a city about 100 miles southwest of Toronto, where prices rose 3.9% in August from the previous month.

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Canada New House Prices Rise 0.7% in August