http://calgaryrealestatereview.com/- r: P: \0 W2 F/ s& z
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Calgary New Home Prices Post Largest Increase Since 20073 W9 U- ~& Y r! X4 L% J% ^
5 ?( S e3 K r: c: r. nCalgary 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. 0 u& i/ j: V0 H$ R; g: k 6 [0 R4 E6 Q r7 \8 p' j e0 ]/ { sYear-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.0 K# E2 M. ~: z1 A
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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. * ]4 w+ I& Z0 v$ \: W8 `! f2 P