Calgary Leads Nation In New Home Price Annual Growth

Calgary once again posted the largest year-over-year new home price increase in Canada according to the latest NHPI report released by Statistics Canada today.

New home prices for Calgary were up 6.5% on an annual basis.  Between October & November,  prices rose 0.3% with builders citing market conditions, higher material and labour costs as well as higher land prices as the reasons for the increase.

Calgary New Home Price Growth Tops Nation

Calgary New Home Price Growth Tops Nation

Calgary price growth accelerated to a 2014 high of 7.5% in April & May before gradually slowing over the next few months with y/y increases of: 7.3%,  6.9%,  6.8%,  6.5%, 6.6% and finally the most recent reading of 6.5% again.

Annual Percent Growth Decelerating At The End of 2014

Annual Percent Growth Decelerated During the Second Half of 2014

New Housing Price Index, Canada, November 2014

New Housing Price Index, Canada, November 2014 (click to enlarge)

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