Calgary - Top Contributor in National Advance for New Home Prices

In April, Calgary was the top contributor in April to the national progress for new home prices for the third consecutive month.

Statistics Canada reported Thursday that Calgary's New Housing Price Index rose by 0.5 percent in Calgary for the month and by 0.2 percent across the country.

Builders noted that higher material and labor costs as well as market conditions were the primary reasons for higher prices in Calgary, said the national agency.

Across The Country, the index rose succeeding a 0.1 percent growth in March and similar gains over the last 12 months.

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