Calgary New Home Prices Below Year Ago Levels In October

New housing prices in Calgary were unchanged for the third consecutive month in October, according to the Statistics Canada New Housing Price Index report released today.

Builders reported that price increases to cover the cost of new building code regulations were offset by lower negotiated selling prices, resulting in no change to the index between September & October.

Alberta Code implementation and transition dates

Alberta Code implementation and transition dates

On an annual basis, prices were down -0.6%.   New home price growth has shrunk for over a year, and October marked the third straight month prices were lower than the year before.

Calgary new home price growth have slid for over a year

Calgary new home price growth, Y/Y comparison

You can download the entire Statistics Canada release here pdf

nhpi october 2015

Source: Statistics Canada

NHPI Canada October 2015

Source: Statistics Canada

 

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