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http://calgaryrealestatereview.com/ [, l' @* Z; u6 c
8 ]3 A8 I7 \% NCalgary New Home Prices Post Largest Increase Since 2007
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# ]* l. H! R4 \% w; oCalgary 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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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.& [( e% C j% g& c! t' h- X. ]( v
R& ]' u! ], l; [. B% F) FBetween 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 2007.0 N; N' d" h$ y
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