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http://calgaryrealestatereview.com/7 M, `7 u$ {: t
: t- }/ S* K* G$ H3 LCalgary New Home Prices Post Largest Increase Since 2007
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! x8 i8 P: Y) V* N" r4 s- T2 ?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.6 N% |$ Y6 I3 S
" f2 w' \8 r1 b6 EYear-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.+ ], U' |6 G( C+ H/ z3 P( _
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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 2007.3 K D. u+ D. i& i" K0 ]/ T
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