New Housing Price Index (NHPI): March 2013

Calgary annual prices rose 4.3%, following an identical increase in February and several consecutive months of accelerating annual price increases according to the Statistics Canada New Housing Price Index released today.

The 4.3% year-over-year increase was the second highest in Canada, behind Winnipeg.  Builders indicated that increases in material and labour costs as well as market conditions were the main reasons for higher prices.

Between February & March, Calgary prices increased 0.3%.

Highlights of the NHPI report:

  • For the second month in a row, the largest monthly price advance occurred in Regina (+0.7%).
  • For the fourth consecutive month, Winnipeg recorded the largest year-over-year price movement in Canada
  • Annual prices fell by 0.1% in Charlottetown, the ninth consecutive month of year-over-year price declines for the region.
  • Three cities had annual declines: Victoria, Vancouver and Charlottetown.
Source: Statistics Canada (click to enlarge)

Source: Statistics Canada (click to enlarge)

 

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