Tag Archives: new house price index

New House Price Index (NHPI): August 2010

The price of a new home in Calgary was down 0.1% between July and August according to the New Housing Price Index (NHPI) released by Statistics Canada today.  Year-over-year, new house prices in Calgary were up 2.4% from the previous August.

Statistics Canada reported that builders in Calgary as well as in Greater Sudbury and Thunder Bay reduced their prices to remain competitive.

Canada-wide, the NHPI increased 0.1% in August.  Year over year, the NHPI was up 2.9% in August following an identical increase in July.

The largest year-over-year increases were recorded in:

  • Regina (+6.1%)
  • Winnipeg (+5.3%)
  • St. John’s (+4.9%).
  • Ottawa–Gatineau (+4.5%)
  • Vancouver (+4.4%)
  • Saskatoon (+3.8%).

Among the 21 metropolitan areas surveyed, 4 registered 12-month declines in August:

  • Charlottetown (-2.2%)
  • Greater Sudbury and Thunder Bay (-1.8%),
  • Windsor (-1.3%)
  • Victoria (-0.4%).

Click to enlarge. Source: Statistics Canada