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http://calgaryrealestatereview.com/, R8 n# U! w q$ i( j
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Calgary New Home Prices Post Largest Increase Since 2007& r5 O8 B3 N; d8 q/ A
, o* ]9 n5 ?# x! I* S% ZCalgary 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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, F6 Y- i6 Z/ eYear-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.# f1 w, e' E [* Y1 P/ s
; X6 U4 C# a7 A+ J7 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.# M* p$ j) ]0 K9 m- | ]
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