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http://calgaryrealestatereview.com// r8 [ R% P V3 i9 m, R
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Calgary New Home Prices Post Largest Increase Since 2007: A5 l! \0 s9 U, |- `
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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.. F- L/ G, x9 V; ?. [
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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.& P6 g& ?" B- H5 G7 j
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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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