Calgary New Home Prices Still Rising In October

New home prices in the Calgary area were still climbing as of October according to the New Housing Price Index released by Statistics Canada.

Prices were up 0.2% between September and October, marking the 35th straight month without a decline.  Builders cited higher material and labour costs as the main reasons for the gain.

At 6.6% annual growth, Calgary led the country – again.  It was a bump up from the 6.5% YOY increase in September and the first time the annual gain increased from one month to the next since April.

New home prices were up 6.6% from last October

New home prices were up 6.6% from last October

NHPI for Canada

NHPI for Canada

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