Calgary New Home Price Gains Continue To Shrink

Calgary new home prices posted their first month-over-month gain of the year in June, but annual growth continued to shrink according to the New Housing Price Index released by Statistics Canada.

“For the first time this year, new housing prices were up in the CMA of Calgary (+0.1%). Higher land prices were largely offset by builders reducing prices because of market conditions,” stated the government agency.

Year-over-year, prices were up 0.7%, the smallest annual gain dating back to February 2012.

Month-over-month change

Month-over-month change

Year-over-year percent change

Year-over-year percent change

Source: Table CANSIM 327-0046.

Source: Table CANSIM 327-0046.

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