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New home prices rise in June
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CBC News- Higher new home prices in Toronto and Oshawa drove up its key index of new housing prices 0.3 per cent in June over the month before, Statistics Canada reported Thursday.
The gain followed a 0.4 per cent rise in May.
The region, which includes both cities, saw prices rise 0.8 per cent, the largest gain of 21 metropolitan regions surveyed in June.
That was followed by Winnipeg, with a gain of 0.7 per cent.
Prices rose in Toronto and Oshawa mainly because of demand, Statistics Canada said. Builders in Winnipeg said the biggest contributor to the price increases was higher material costs.
Calgary prices decline
Prices were unchanged in 10 of 21 centres.
Calgary had the most significant decline, at 0.3 per cent, as some builders offered promotions to generate sales.
The June index was 2.1 per cent higher than it was a year earlier. That followed a 1.9 per cent annual increase in May.
The biggest yearly increases in June were in the metropolitan regions of Toronto and Oshawa, at 4.7 per cent, followed by Winnipeg at 4.4 per cent.
Compared with June 2010, contractors' selling prices rose 4.3 per cent in St. John's, 3.9 per cent in Regina, 3.6 per cent in Kitchener-Cambridge-Waterloo and 3.4 per cent in Montreal.
Windsor led the eight regions with declines, with a 4.3 per cent year-over-year fall, while Victoria's slipped 1.7 per cent.
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