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http://calgaryrealestatereview.com/" c1 O" J/ E# p) l k
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Calgary New Home Prices Post Largest Increase Since 20070 M$ p% y# }7 m6 @* `
4 K) C+ w3 `# d/ a' Y8 CCalgary 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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! ~0 X: L, S. c' f* l# }$ {, TYear-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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7 o# |+ A; e s7 ?1 ]. f3 c( LBetween 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' i& G. m: H6 m- G" ^3 R
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