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OTTAWA (Reuters) - The prices of new homes in Canada in April fell by 0.6 percent from March and by 3.0 percent from April 2008, the largest year-on-year decline for more than 17 years, Statistics Canada said on Wednesday.
Market analysts had on average expected new housing prices to fall by 0.4 percent from March. It was the seventh consecutive month-on-month drop.
The year-on-year decline was the largest since the 3.2 percent fall recorded in December 1991.
Read the full article here.
Market analysts had on average expected new housing prices to fall by 0.4 percent from March. It was the seventh consecutive month-on-month drop.
The year-on-year decline was the largest since the 3.2 percent fall recorded in December 1991.
Read the full article here.