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http://calgaryrealestatereview.com/* r$ Z: e" ^8 N$ |( _
6 k1 j( X4 f* l4 |1 q0 KCalgary New Home Prices Post Largest Increase Since 2007
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Calgary 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.* M9 k! Y1 m9 z
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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., j, N2 q2 H( }4 X: {3 n
! e6 Y9 \$ Q# F3 D( HBetween 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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