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Statistics Canada released its new housing price index on Thursday. New housing price index in Canada rose 0.3% in August, exceeding expectations of a 0.2% gain, after a 0.1% rise in July.
The increase was driven by gains in Toronto and Oshawa region, which rose 0.6% in August.
On a yearly basis, new housing price index in Canada climbed 1.3% in August, after a 1.3% gain in July.
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