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Winnipeg house prices see modest rise

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The cost of buying a new home crept a little higher in Winnipeg in March.

Statistics Canada said today that Winnipeg’s new housing price index was up 0.1 per cent from the previous month. That followed an identical increase in February, a 0.5 per cent gain in January and a 0.1 per cent increase in December.

The modest change here was part of a broad trend which saw little or no change in new-home prices in most of the 21 metropolitan areas surveyed.

On a year-over-year basis, Winnipeg’s index was up 2.4 per cent from March of last year. That was the fifth highest 12-month increase among the 21 centres.

Nationally, Canada’s new home prices index rose by 0.2 per cent for the second straight month. Calgary had by far the biggest monthly price hike, at 0.8 per cent, while five metropolitan areas — Victoria, Vancouver, Saskatoon, Ottawa-Gatineau and Charlottetown — saw new-home prices decline a little.

Canada’s year-over-year price increase was 1.6 per cent.

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