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http://calgaryrealestatereview.com/# ?1 _7 j9 c! S Q4 B4 c* Y& @
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Calgary New Home Prices Post Largest Increase Since 2007: }: N! `, S- _/ t1 r4 A6 a" W+ Q
4 r7 T2 h! p4 l/ ] U" C% V& WCalgary 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.& b0 p( b" b ~. K/ t
8 h! n$ T4 m) l( F( ZYear-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.* w$ ?) C# K; z+ P' A
( j* }4 ?! C! C0 oBetween 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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