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.