Calgary New Housing Price Index (NHPI): December 2012

After no change in November, Calgary’s New Housing Price Index jumped 0.5% in December for a y/y increase of 3.1%.    According to Statistics Canada, increased material and labour costs contributed to the higher prices in the city.

The 0.5% rise was the highest monthly increase since June 2012, while the 3.1% annual growth was the highest since June 2009/2010 when prices were up 3.2%.

Canada’s NHPI was up 0.2% from the previous month and 2.3% year-over-year.

Source: Statistics Canada (click to enlarge image)

Source: Statistics Canada (click to enlarge image)

Year-over-Year percent change (click to enlarge image)

Year-over-Year percent change (click to enlarge image)

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