12 May 2008, 17:12  New housing price index reduces

The new housing price index reduces its growth pace in March again from February YoY pace, according to data released by Statistics Canada. New Housing prices rose 6.1% YoY in March 2008, an slower pace than 6.2% year to year increase figure posted in February 2008. The House only sector has risen 5.7% and Land only sector has risen 6,9% in March. Between February and March, prices gained 0.2%, with a 0.1% increased in house only sector and 0.4% increase in Land sector.

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