(Reuters) - New housing prices, closely watched by the Bank of Canada for signs of inflationary pressure, rose 9.3 percent in the 12 months through March, down from the 10 percent year-on-year increase recorded in February.
The two main cities in the energy-producing western province of Alberta, where expansion of the oil sands has prompted rapid economic development, led the increases on a year-over-year basis although the rate of growth slowed.
Read more at Reuters.com Economic News
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