New Housing Price Index (NHPI): June 2012

New home prices continued to creep upwards in June as Calgary builders cited increased material and labour costs as well as improving market conditions as the main reasons for higher prices.

According to Statistics Canada, Calgary’s NHPI was up +0.5% month-over-month which was the fourth highest  increase of the 21 metropolitan regions surveyed.

The metropolitan region of Kitchener–Cambridge–Waterloo (+1.7%) posted the largest monthly price advance in June, followed by Winnipeg (+0.7%) and Victoria (+0.6%).

Year-over-year, Calgary prices were up +1.7%.

The largest year-over-year increases in contractors’ selling prices occurred in Toronto and Oshawa (+5.0%), Regina (+4.7%) and Winnipeg (+4.4%).

Among the 21 metropolitan regions surveyed, 3 posted 12-month price declines in June. The largest decrease was in Victoria (-2.6%).

(click to enlarge image) Source: Statistics Canada

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s