Calgary New Home Prices Rise In December

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.

Calgary New Housing Price Index

Calgary New Housing Price Index

New Housing Price Index, December 2014 (click to enlarge)

New Housing Price Index, December 2014 (click to enlarge)

 

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