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http://calgaryrealestatereview.com/* o3 d4 a4 K) U& T( ]7 f
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Calgary New Home Prices Post Largest Increase Since 2007" @9 L6 q5 }. V4 d' K3 h
1 ? Q$ W X/ p, b* B' HCalgary 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. C1 a+ h B+ N; Z% H1 q* |9 o
0 w3 Q8 r/ A5 { ~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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& o7 R+ l" g$ T% L8 N6 `' V9 @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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