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http://calgaryrealestatereview.com/4 `5 p- ^! z8 W: F
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Calgary New Home Prices Post Largest Increase Since 20075 E% l: x* [ b6 z8 r/ s' p
6 M* u2 O$ W+ [6 ECalgary 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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4 W! {0 @3 K3 T; [; LYear-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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4 o9 q9 o% y) n' H, ZBetween 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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