New housing prices month-over-month were unchanged in 4 of the 21 metropolitan regions surveyed in November, including Calgary, according to the New Housing Price Index (NHPI) released today.
Monthly prices declined 0.5% in Victoria and 0.4% in Vancouver as a result of lower negotiated selling prices while the largest monthly price advance in November occurred in London (+0.6%), followed by Halifax and St. Catharines–Niagara, with both regions recording a 0.5% increase.
Nationally, the NHPI rose 0.1% in November, following a 0.2% increase in October. On a year-over-year basis, the NHPI rose 2.2% in the 12 months to November, following a 2.4% increase the previous month.
On an annual basis, Calgary’s index was up 2.8%.