New house prices rose in January

OTTAWA - Statistics Canada says its price index for new homes rose 0.1 per cent in January, following a 0.2 per cent increase in December.

The agency says the metropolitan region of Toronto and Oshawa, as well as the Calgary region, were the top contributors to the increase.

Builders cited market conditions as the primary reason for higher prices in Toronto and Oshawa, while increased material and labour costs contributed to higher prices in Calgary.

Read more: http://money.ca.msn.com/savings-debt/yourmoney/new-house-prices-rose-in-january

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