Calgary’s resale housing market is arguably the strongest in the nation and data released today from Statistics Canada points to the new home sector performing very well here too.
New home prices in Calgary posted the largest year-over-year increase in Canada, up 6.5% in November. Increasing material & labour costs were cited as contributing factors to the rising prices. Between October and November, Calgary prices rose 0.4%.
The New Housing Price Index for December 2013 will be released on February 13.
Download the full New Housing Price Index release here