http://calgaryrealestatereview.com/- B) ^5 d' C3 J5 m6 _* K+ |0 W$ r
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Calgary New Home Prices Post Largest Increase Since 2007; Q M) d4 O6 Q$ m
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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. 5 x g: e. ^& D) P% J6 b) [" P * [8 W+ v7 F/ [% fYear-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. 7 \: C; `/ v4 W6 r 8 Y2 }* x: v+ B) X- u6 X# tBetween 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./ H' `9 R7 r& O) E