UPDATE 1-Canada new home price index unexpectedly rises in Feb

April 9, 2015 12:37 PM

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OTTAWA, April 9 (Reuters) - New home prices in Canada rose 0.2 percent in February, recovering from the previous month's decline as prices climbed in the Toronto area, data from Statistics Canada showed on Thursday.

The combined region of Toronto and Oshawa was the top contributor, with prices up 0.3 percent. Improved market conditions and prices on new listings drove the increase, though that growth was offset as some builders offered promotional packages to boost sales.

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