Calgary new home prices were up 2.9% year-over-year in April according to Statistics Canada. Prices remained virtually unchanged between March and April 2010 (up 0.04%)
In Canada, prices were up 2.5% YoY, and up 0.3% MoM.
The cities with largest YoY increase were:
- Vancouver: +6.0%
- St. Johns: +5.9%
- Winnipeg: +4.9%
Among the 21 metropolitan areas surveyed, 3 registered 12-month declines in April:
- Victoria: -3.8%
- Charlottetown: -1.5%
- Edmonton: -1.0%
Between March and April, prices increased the most in:
- St. John’s: +1.1%
- Regina: +0.9%
- Saskatoon: +0.9%
In these three census metropolitan areas, builders reported higher material and labour costs as key factors in the price increases.
The largest monthly decreases in April were registered in:
- Charlottetown: -0.3%
- Greater Sudbury: -0.3%
- Thunder Bay: -0.3%
Followed by Montréal and Hamilton, which were both down 0.1%.
Source: Statistics Canada
The New Housing Price Index (NHPI) measures changes over time in the selling prices of new residential houses agreed upon between the contractor and the buyer at the time of the signing of the contract. It is designed to measure the changes in the selling prices of new houses where detailed specifications pertaining to each house remain the same between two consecutive periods.
With SFH inventory eclipsing the 6000 mark for the first time since July 2008, here are some inventory stats:
Active SFH inventory is up 61.3% from the June 11, 2009 (Inventory was 3750)
Inventory is up 7% in the first 11 days of June. During the same time period last month, inventory increased 6%.
Condos
Active Condo inventory is up 44.9% from the same date a year earlier (Inventory was 1905)
This month inventory has increased 3.9% in the first 11 days, compared to 4.4% during the same time period in May.
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Other Calgary agents have been keeping their eye on different stats, as reported in the Calgary Herald today:
On June 16, 2010, the Canadian Real Estate Association (CREA) will launch a new version (5.3) of REALTOR.ca. The new version brings two major features — ‘Compare view’ and ‘Favourites.’
‘Compare view’ allows users to select up to five properties to compare side-by-side. This view will provide an easier way for users to compare the features and specifications of various properties that they have selected from their search.
The ‘Favourites’ feature provides users with the opportunity to flag up to 100 properties for later viewing. ‘Favourites’ are stored via cookies on the user’s computer and provide an easy way for homebuyers to save those properties that caught their eye during a search.
Just to bring some balance to the article “Resale on the Rise” in the Condo section of the paper this past weekend:
One must remember that in early 2009, some of the lowest sales levels in recent history were recorded. Using Year-to-date numbers in comparison to 2009 is obviously very misleading. Likewise, comparing record levels that we experienced last summer to this one will paint a very different picture in the coming months ahead.
Metro-Calgary Condo Sales June 1-14
2010: 225
2009: 306
2008: 269
2007: 368
2006: 435
2005: 372
2004: 281
2003: 213
2002: 228
Condo Sales didn’t begin to slow down until May where they were down year-over-year, and this trend looks to continue throughout the summer.