New home prices in Canada rose yet again, to another record high, led by higher prices in the red-hot Toronto metro market.
Statistics Canada's New Housing Price Index (NHPI) rose 0.1 percent in December, following a 0.3 percent increase in November.
In addition to Toronto and Oshawa, prices moved up on Montreal, offsetting drops in Vancouver and Hamilton.
Toronto price increases were primarily the result of good market conditions and increased land values, while higher materials costs contributed to the higher new home prices in Montreal.
Year over year, the NHPI was up 2.5 percent, the same increase as in the previous two months, with Toronto leading the way.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.