Canadian NHPI continues to post gains

Source: Investing.com
© Reuters

Canadian new home prices grew 0.7% month-over-month on a non-seasonally adjusted basis in May, surpassing the previous month's hike of 0.3%, whereas market analysts predicted a slight fall to 0.2% in the reported month, fresh data from Statistics Canada showed on Thursday. The NHPI increased for 14 consecutive months.

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