Thursday, July 12, 2007

UPDATE 1-Canada new housing prices up by 1.1 pct in May

(Reuters) - Market operators had on average forecast that prices would
increase by 0.6 percent in May from April.




On a year-over-year basis new home prices rose by 8.6
percent, the slowest rate since the 8.2 percent recorded in
April 2006. That said, May marked the 14th consecutive
month of year-on-year increases above eight percent.


Read more at Reuters.com Economic News

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