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http://calgaryrealestatereview.com/4 u% ?8 w* ~( U% h
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Calgary New Home Prices Post Largest Increase Since 2007, p6 I: ^: g6 _2 ^7 A# ~
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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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6 y5 r+ T; F! `, g3 gYear-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." E8 k7 i& m* ~* ^$ K) Z
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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.$ y$ o3 v# L8 R; x `) W
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