Canada New House Price Index

If you drove around Calgary this summer you saw new home construction everywhere. Everything from gorgeous 2 storey homes on the lake in the Calgary community of Mahogany to spectacular luxury bungalows tucked away in the aspen growths in the community of Montreux.

Not surprisingly, new home prices in the metropolitan area of Calgary, according to Statistics Canada, rose 0.1 per cent in July from the previous month. The national New Housing Price Index for the month of July also increased by 0.1 per cent. The report says St. John's, NewFoundland had the highest new house price jump in July with 0.6 per cent, followed by St. Catharines–Niagara and Halifax which were both up 0.4 per cent.

Statistics Canada indicated that the metropolitan area of Calgary in particular was a top contributor to the price increase, in part due to the increase in material and labour costs (reported by some Calgary builders).

For more information on Calgary’s New Housing Price Index or new home developments, contact Calgary real estate professional Marnie Campbell, Calgary Realtor®.

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