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New-house prices in WInnipeg continue to rise

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The cost of a new home in Winnipeg edged up for the fifth straight month in April, Statistics Canada said today.

The agency said Winnipeg’s new housing price index rose 0.2 per cent from April to May. It was also up two per cent from a year earlier.

The earlier monthly increases ranged from 0.1 per cent to 0.5 per cent.

Canada’s index also climbed 0.2 per cent in April, following identical increases in February and March. The year-over-year increase was 1.6 per cent.

Statistics Canada said the combined metropolitan region of Toronto and Oshawa, Ont., was the top contributor to the Canada’s month-over-month increase. It had the largest monthly price advance in April, as prices rose 0.7 per cent.

It was also the largest monthly price increase for the region since November 2011.

New home prices in Calgary rose 0.6 per cent and were also up 0.2 per cent in Hamilton and the combined region of Saint John, N.B., Fredericton and Moncton, N.B.

Prices also slipped in six metropolitan areas in April, the agency added.

— Staff/Canadian Press

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