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Canada new home prices climb 0.4 percent in October

Reuters
Homes undergo construction in Toronto, February 25, 2014. REUTERS/Aaron Harris

(Reuters) - New home prices in Canada rose 0.4 percent in October from the previous month, following a 0.2 percent monthly increase in September, Statistics Canada said on Thursday.

The combined region of Toronto and Oshawa contributed the most to the monthly increase.

Following are the percentage changes:

Month on Month Year on Year

Oct Sept Oct Sept

Total +0.4 +0.2 +3.0 +2.8

House only +0.4 +0.1 +3.7 +3.6

Land only +0.4 +0.4 +1.4 +1.1

NOTE: The median forecast of analysts surveyed by Reuters was for a 0.2 percent monthly increase in new home prices in October. The index excludes apartments and condominiums and is not seasonally adjusted.

(Reporting by Dale Smith; Editing by Leah Schnurr)