According to Statistics Canada, the New Housing Price Index (NHPI) rose 0.2 percent in March compared with the previous month.
New house prices were up in 10 of the 27 metropolitan areas surveyed, with the largest increases in Oshawa (+1.1 percent) and Guelph (+0.9 percent). New house prices were down in three metropolitan areas and unchanged in 14.
The NHPI rose 3.3 percent over the 12-month period ending in March, largely reflecting higher prices for new homes in Toronto (+8.4 percent). In March, six metropolitan areas recorded 12-month price declines with St. John's (-0.7 percent) posting the largest decrease.