Calgary new housing prices rose 0.3% between August & September according to Statistics Canada’s New Housing Price Index (NHPI). That’s the 34th consecutive month without a decline, dating back to December 2011. (Chart 1)
Year-over-year, Calgary’s NHPI was up 6.5%, the highest across Canada. Builders in Calgary reported higher material and labour costs, as well as market conditions, as the reasons for the increase. (Chart 2) Calgary’s index level now sits at an all-time high of 110.7 (Chart 3)
The NHPI covers the following dwelling types: single dwellings, semi-detached and row houses (town house and garden homes). Apartment-condominiums are not included. For a complete look at the methodology used to create the NHPI, click here.