The price of new homes in Canada rose 0.2 percent in March, for the third straight month, according to Statistics Canada data, reports Reuters.

Year-on-year, prices nationwide were up by a modest 1.6 percent, within the 1 to 2 percent range registered over the previous year.

Calgary, led the way on new home prices and its 0.8 percent price jump was the biggest of any city.

Prices were flat in the Toronto-Oshawa region and in Montreal while they fell by 0.1 percent and 0.2 percent in Vancouver and Victoria, respectively.

Overall, prices were unchanged in 11 of the 21 urban areas surveyed, up in five and down in five.

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: