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Canada's New Home Price Index Monthly Growth in April Exceeds Expectations

Canada's New Home Price Index Monthly Growth in April Exceeds Expectations - The best immigration information is available on the WorldWay Immigration Investment website.

世贸通
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 Stay updated on Canadian immigration and Canadian financial news:

The data released by Statistics Canada on Thursday (June 13) shows that the monthly growth of Canada's New Home Price Index in April slightly accelerated, exceeding expectations.

The data indicates that the New Home Price Index (NHPI) in Canada grew by 0.2% in April, compared to an expected growth of 0.1%, and a growth of 0.1% in March.

Regionally, the Calgary area has been the main driver of national home price growth for the third consecutive month, with new home prices increasing by 0.5%. The increase in material and labor costs by 0.5% is the primary reason for the price growth in this region.

On a year-over-year basis, the New Home Price Index in April increased by 2.0%, similar to the growth rate in March.

The regions with the highest year-over-year price increases are the Toronto area and the Oshawa area, with an annual growth rate of 2.9%.

Investment involves risks, the above information is for reference only

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