Calgary new home prices were still on the rise in December, edging up 0.1% from the previous month according to the New Housing Price Index released by Statistics Canada today. However, that was the smallest monthly gain since December 2013.
Year-over-year, prices were up a nation leading 6.5%. Builders reported higher material and labour costs as the main reasons for the increase.
Statistics Canada reports: “Compared with the same month in 2013, the Prairie region (+3.0%), Ontario (+2.0%) and the Atlantic region (+0.1%) posted annual price gains in December, while Quebec (-0.1%) and British Columbia (-0.6%) recorded annual decreases.