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http://calgaryrealestatereview.com/( ~7 n: ^- ^2 ^7 B% c# L
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Calgary New Home Prices Post Largest Increase Since 2007
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o# a7 q7 x3 {8 vCalgary 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.1 I8 Y0 f% V5 M3 {
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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.
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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.( q( j- W8 G! Z3 t3 x# K* b% Q# _
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