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http://calgaryrealestatereview.com/, ~- m d# l @
1 _8 S. ?! |1 j, |7 [! ^4 \Calgary New Home Prices Post Largest Increase Since 20079 P; S6 E3 i5 x0 [; C7 W6 s6 L! S( p
2 a1 A4 n% @6 v* l- c+ W" K" k iCalgary 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.5 V k! e& M! S* d0 _9 ^9 ?
% N. c# M- o: h( r* n& E9 yYear-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., h7 G7 M- E: M) l8 B4 v4 [) E% s
3 p8 Z# K+ I9 M ]8 [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.- p* h0 V/ |' D/ f) M
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