House prices continue to climb in Calgary

Real estate signs

Statistics Canada’s latest review of housing prices was released and for the third consecutive month Calgary leads the country with the most significant jump in house prices.

According to Stats Canada the new housing price index rose 0.2 per cent nationally in March, which was the same gain seen in February, and the Calgary region was the top contributor.

The data shows that the cost of a home in Calgary climbed 0.8 per cent in March.  Prices were unchanged in 11 of the other 21 metropolitan areas surveyed.

Statistics Canada says Vancouver and Victoria joined Charlottetown, Saskatoon and Ottawa-Gatineau in posting the greatest price declines last month.

New home prices in St. John's rose 0.3 per cent, the first increase since August.

(With files from The Canadian Press)