New Housing Price Index (NHPI): May 2012

Calgary new home prices were up in May from the previous month and year according to the New Housing Price Index  (NHPI) released by Statistics Canada today.  Calgary was up 0.3%  between April and May with the “rise in prices predominantly explained by market conditions.”  Year-over-year, prices in Calgary were up 0.8%.

In Canada, the NHPI also was up 0.3% from the previous month but was up 2.4% year-over-year, following a 2.5% increase the previous month.

The largest year-over-year price increases were recorded in:

  • Toronto and Oshawa (+5.5%)
  • Winnipeg (+4.4%)
  •  Regina (+4.3%)

Among the 21 metropolitan regions surveyed, 3 posted 12-month price declines in May, with Victoria (-3.2%) recording the largest decrease.

Source: Statistics Canada (click to enlarge image)

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