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http://calgaryrealestatereview.com/7 ]# d e0 N3 l/ z5 y0 e8 N
$ b& w; g, L+ [* R; aCalgary 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.* a( w6 }3 u9 x# q' k4 V1 g
( E* ?8 a: n3 l5 V& |; S+ QYear-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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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.: W4 I+ y/ m6 M* H4 d- F) |+ ?
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