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http://calgaryrealestatereview.com/# G5 N( ?+ n: }% W+ {/ m8 [- u1 B
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Calgary New Home Prices Post Largest Increase Since 2007
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$ ~. A. Q% Z5 e: @9 b+ O9 M7 rCalgary 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., Q* _! v' [8 G% Z6 w% W2 v2 L& J4 j
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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.* x# ?$ d% a: S9 g C [9 u. j
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