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Canada's new house price growth slows in June

Canada's new housing price index rose 0.2% in June, down from the 0.7% rise in May and a 0.8% increase in April, Statistics Canada said.

Vancouver registered the biggest price gain nationally, at 1.5%, followed by Ottawa-Gatineau, Ontario part, where house prices increased 0.9%. No change in prices were recorded for Toronto and a number of neighboring census metropolitan areas.

Year over year, new house prices increased 3.9%, led by Toronto, where prices rose 8.5%.