Calgary Continues To Lead In New Home Price Gains

Calgary was the top contributor to the national advance for the fifth consecutive month, as prices for new homes rose 0.5% in June.  Year-over-year,  prices were up 5.3%.

Builders in Calgary reported an increase in material and labour costs as well as higher land prices as the main reasons for higher prices.

Statistics Canada reports that annual price increases in Calgary have generally been accelerating since early 2012.

Overall, the New Housing Price Index (NHPI) rose 0.2% in June, following a 0.1% increase in May.  On a year-over-year basis, the NHPI rose 1.8% in the 12 months to June, following an identical annual increase in May.  Prior to that, annual gains in the index had been 2.0% or more since the second half of 2011.

NHPI - June 2013 (click to enlarge image)

NHPI – June 2013 (click to enlarge image)

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