New home prices rise for fifth straight month


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Blog by Ottawa Real Estate | Ottawa Homes for Sale | Ottawa Relocation | January 12th, 2010


OTTAWA -- New home prices rose more than expected in November, posting a 0.4% advance for a

fifth straight monthly gain, Statistics Canada reported Tuesday.

Most economists had forecast a 0.3% month-over-month advance.

On a yearly basis, prices were down 1.4% in November following a 2.1% decline in October.

More to come.....