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New home prices in the Calgary region fell in November.
 

New home prices in the Calgary region fell in November.

 

CALGARY — Calgary and area new home prices fell in November, according to Statistics Canada.

In releasing its New Housing Price Index on Thursday, the federal agency said prices for the Calgary census metropolitan area were down 0.4 per cent in November from the previous month and also decreased by 0.2 per cent from November 2010.

At the national level, the NHPI rose by 0.3 per cent month-over-month and increased by 2.5 per cent year-over-year.

Between October and November, Windsor (2.0 per cent) posted the largest monthly price advance, followed by Saskatoon (1.2 per cent).

“Following three consecutive monthly price increases, some builders in Calgary reported that they lowered their prices in November to stimulate sales,” said Statistics Canada.

The largest year-over-year price increases were recorded in Toronto and Oshawa (6.2 per cent), Winnipeg (5.8 per cent) and Regina (5.3 per cent).

 

mtoneguzzi@calgaryherald.com



Read more: http://www.calgaryherald.com/business/Calgary+region+home+prices+fall+November/5984557/story.html#ixzz1jHQjglDN

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