New home prices remain flat in Calgary

StatsCan says builders in 19 of the 27 census metropolitan areas surveyed across the country reported flat or declining prices

Mario ToneguzziNew home prices in the Calgary census metropolitan area were flat in April, according to Statistics Canada’s New Housing Price Index.

And the index, which was released on Thursday, showed that prices on a year-over-year basis were down 0.3 per cent in the region.

Across Canada in April, the federal agency said builders in 19 of the 27 census metropolitan areas surveyed reported flat or declining prices, “which coincides with the introduction of recent tighter mortgage regulations and higher mortgage rates. The Canada-level index has seen no upward movement since December 2017.”

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.

home pricesThe views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.

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