March 14 (Reuters) - New home prices in Canada rose 0.1 percent in January from the previous month, as expected, following a 0.2 percent monthly increase in December, Statistics Canada said on Thursday.
Market conditions in the metropolitan region of Toronto-Oshawa, as well as material and labor costs in the region of Calgary, contributed the most to the overall gain in the new housing price index, the agency said.
Following are the percentage changes:
Month on Month Year on Year Jan Dec Jan Dec Total +0.1 +0.2 +2.2 +2.3 House only +0.2 +0.2 +2.7 +2.6 Land only +0.2 +0.1 +1.4 +1.4
NOTE: The median forecast of analysts surveyed by Reuters was for a 0.1 percent monthly increase in new home prices in January.
(Reporting by Alex Paterson; Editing by Louise Egan)
((louise.egan@thomsonreuters.com; +1 613-235-6745; Reuters Messaging: louise.egan.reuters.com@reuters.net))