http://calgaryrealestatereview.com/ 4 z+ l4 H% H8 q h0 k6 R " q5 [" s3 N; s7 _7 OCalgary New Home Prices Post Largest Increase Since 2007 1 P7 |6 [* u" w& O - G4 E m5 E L* I1 j# F7 q. {6 ACalgary 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. 0 o% V# q) I( w& j" o6 g w& s- u* A1 EYear-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.) }; v3 G9 f! {8 Z
; p' [* ?2 C) B: L; | q; j6 n iBetween 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. ; C' N o- a- e+ l
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