(Source: Reuters)

New home prices in Canada rose 0.3 percent in October from September, the fourth consecutive gain, as record low interest rates and a recovering economy spurred demand, according to Statistics Canada data on Friday.

Canada’s housing market is heating up, recent sales data has shown, leading the Bank of Canada to warn buyers against getting too deep into debt because interest rates will eventually rise.

Read Louise Egan’s full article “Canada Oct new home prices continue rising” in Reuters (December 11, 2009).

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