The Calgary region posted the country’s largest new home price declines in July, says Statistics Canada.
Its New Housing Price Index fell 0.3 per cent locally from June, tying the region with Kitchener–Cambridge–Waterloo in Ontario.
“Builders in both areas cited lower negotiated selling prices, as well as lower list prices to stimulate sales as the main reasons for the decline,” the federal agency said.
Prices on an annual basis increased 0.3 per cent in July. Nationally, the index rose 0.1 per cent in July and it was up 1.3 per cent from a year ago.