New Housing Price Index: April 2012

Calgary’s new housing price index edged up 0.1% between March and April according to Statistics Canada’s report out today.  Year-over-year, Calgary prices were up +0.9%.

In Canada, the NHPI was up 0.3% from the previous month and up 2.5% year-over-year  in April.

Toronto/Oshawa & Edmonton were the top contributors to the increase in April.  In Edmonton, builders returned to list prices after reporting promotional pricing and lower negotiated selling prices in previous months.

The largest year-over-year price increases were:

  • Toronto and Oshawa (+5.9%)
  • Regina (+5.6%)
  • Winnipeg (+4.3%).

Among the 21 metropolitan regions surveyed, 3 posted 12-month price declines in April:

  • Victoria (-2.3%)
  • Vancouver  (-0.8%)
  • St. John’s  (-0.3%)

Source: Statistics Canada (click to enlarge image)

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