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New home prices in Calgary remain flat, but higher than one year ago

Posted by Arshad Rashed on Monday, September 13th, 2010 at 10:21am.

New home prices in the Calgary census metropolitan area remained flat in July but were up from year-ago levels, says Statistics Canada. The federal agency reported today that the New Housing Price Index for the Calgary CMA was unchanged from June. However, it increased by 2.7 per cent from July 2009. At the national level, the NHPI decreased by 0.1 per cent in July, the first decrease at the Canada level in 13 months.  It was up, though, by 2.9 per cent from last year. Between June and July, prices decreased the most in Greater Sudbury and Thunder Bay (1.9 per cent), London (1.8 per cent) and Windsor (1.5 per cent), said Statistics Canada. The largest monthly increase was in Kitchener-Cambridge-Waterloo at 0.6 per cent.

The largest year-over-year increase was recorded in Regina (6.9 per cent), followed by St. John’s (6.1 per cent) and Winnipeg (5.0 per cent). Compared with July 2009, contractors’ selling prices were also higher in Ottawa-Gatineau (4.7 per cent), Vancouver (4.5
per cent) and Saskatoon (4.0 per cent). Among the 21 metropolitan areas surveyed, three registered 12-month declines in July: Charlottetown (2.1 per cent), Windsor (2.0 per cent) and Greater Sudbury and Thunder Bay (1.7 per cent). 

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