Calgary New Home Prices Continue to Increase

 

Statistics Canada reported Calgary was the top contributor to the national advance in May of new home prices.

The federal agency stated Thursday that the New Housing Price Index inflated 0.1 per cent in May across the country thanks to a 0.9 per cent rise in the Calgary census metropolitan area.

It said builders in the Calgary area reported a growth in material and labour costs as the main reason for higher prices.

On an annual basis, prices in the Calgary region boost by 5.3 per cent. Nationally, they were up 1.8 per cent on a yearly basis.

Comments:
No comments

Post Your Comment:

Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.