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http://calgaryrealestatereview.com/5 w i7 e& V7 B5 x+ S _7 f
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Calgary New Home Prices Post Largest Increase Since 2007
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8 `2 {8 M# c' KCalgary 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.$ D6 N6 X* {# ^) g
5 ]/ i) z% ?* g7 x4 u; ~% x/ `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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/ |% ?! n$ D. W, c. mBetween 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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