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http://calgaryrealestatereview.com/% j" W( n6 t1 H0 f% W. \
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Calgary New Home Prices Post Largest Increase Since 20076 p5 u6 A0 L9 z) ~8 p* p
) x( H2 |! E- QCalgary 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. }4 p8 U1 [' F: D- |, O# C
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Year-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.
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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. Q% e8 t! P1 t- p& }# [% t, U. s
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