http://calgaryrealestatereview.com/ : F& T' X! O+ R9 Y4 c @$ d 7 b- `1 h: j) i9 s2 X5 t2 d+ ^Calgary New Home Prices Post Largest Increase Since 2007 ! a s" t" U' q8 n: z7 Y$ G/ L% _
Calgary new home prices in January increased at over 4x the annual pace of the rest of Canada according to data released by Statistics Canada today. + W* h% k ?4 Q4 k; ?/ w ; c3 W5 B2 ?$ _9 F' ?) F/ r2 gYear-over-year, Calgary saw a 7.0% increase, its highest annual rise since July 2007. By contrast, the New Housing Price Index for Canada overall rose by 1.5% y/y. 4 m0 d) _0 K% R& N: }6 V$ v- J6 s8 ^1 L# p' V/ \6 z2 i
Between December and January, Calgary prices were up 1.3%. Builders reported that higher material and labour costs as well as market conditions were the primary reasons for the increase, the largest in the region since April 2007. Z/ a+ U/ }2 H4 }' f& ~