News
Modest growth in Canadian housing prices

July 16, 2012 – The New Housing Price Index rose 0.3 per cent in May, following a 0.2 per cent increase in April. The metropolitan regions of Toronto, Oshawa and Calgary were the
top contributors to the increase in May. The impact of these regions on
the overall index was slightly offset by the decrease observed in
Victoria. In Toronto and Oshawa, as well as in Calgary, the rise in prices was predominantly explained by market conditions. From April to May, the aggregated metropolitan regions of Sudbury and
Thunder Bay (up 1.6 per cent) posted the largest monthly price advance, followed
by Toronto, Oshawa and Regina (both up 0.5 per cent). | READ MORE