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http://calgaryrealestatereview.com/, h3 y: |2 `. d7 v; j* p) H; _+ u
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Calgary 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.
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1 N8 p4 ?0 M9 W! y' {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.
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2 t2 t1 s4 N/ U8 f4 o" ?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.; y+ P' B$ w$ W: ?9 y
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