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http://calgaryrealestatereview.com/- @' |; c/ \/ \3 M2 K$ o
t% L6 E4 R* n" U0 f6 K, {: d6 aCalgary New Home Prices Post Largest Increase Since 20079 y2 z' W% [+ s
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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# W# [0 X, e3 d
. j& F; m' K7 d; }6 b' O9 \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.1 ?+ ~4 B; h, y5 H4 Q, s8 ]
) q* O) d# M' SBetween 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.
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