UPDATE 1-Canada new housing prices rise at fastest pace since last October

June 9, 2016 12:40 PM

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OTTAWA, June 9 Canadian new home prices in April grew at their fastest pace in six months, rising by 0.3 percent from March on continued strength in Toronto, the country's largest market, Statistics Canada said on Thursday.

Analysts polled by Reuters had predicted a 0.2 percent advance. April's increase was the largest since the 0.3 percent jump recorded in October 2015.

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