New Housing Price Index (NHPI): September 2011

The New Housing Price Index (NHPI) rose 0.2% in September, following a 0.1% advance in August according to Statistics Canada today.

Between August and September, Winnipeg (+1.4%) posted the largest monthly price advance, followed by Halifax (+0.7%).

One of the most significant monthly price declines was  in Edmonton (-0.3%) as a few builders moved to new development areas with lower priced lots.

Year over year, the NHPI was up 2.3% in September following similar increases in July and August.

Calgary

In September, the NHPI increased +0.3% following a +0.2% increase in August. Year-over-year, Calgary was down -0.5%.

Source: Statistics Canada (click to enlarge image)

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