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http://calgaryrealestatereview.com/1 F/ l6 f; }, _& d) _1 I* d) o. f% |" a
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Calgary New Home Prices Post Largest Increase Since 20071 K- F" L; ]( b# G- C0 A. ~
: L/ u% x; p0 F' y- H: I& eCalgary 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.
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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." L# }* e) _; P. [% i% i( b- f
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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.
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