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http://calgaryrealestatereview.com/1 ~6 O. }9 o2 I( d) u3 e
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Calgary New Home Prices Post Largest Increase Since 20079 ^3 O4 l: Q* k$ m7 x9 r2 @! y, k
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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.6 ~. L7 x9 x( e9 l# O M+ D2 u; G
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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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: W {; a3 U1 f# _! Q/ e# ]) w mBetween 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.- f" P& p# ?0 c l+ U7 s
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