Calgary has the best growth in new home prices in Canada, according to new data released by Statistics Canada. The New Housing Price Index has marked a near 6% increase in our city from July of last year. To put that into perspective, that's the biggest price jump we've seen here since the real estate boom in 2007.
Nationally, our country has seen a 1.9 increase from the same time a year ago (so we're doing very well in comparison as well). On a monthly basis, prices increased here by 0.6% , compared to 0.2% across Canada.
Experts say our city is boasting a strong economy right now, and many factors are contributing to the rising demand in residential housing. Either way, it's great news for the real estate market in our city!
Learn more about Northwest Calgary Real Estate.