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http://calgaryrealestatereview.com/1 f; I0 j+ G/ {- Y4 D- u1 {) t3 _
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Calgary New Home Prices Post Largest Increase Since 2007
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+ l% S. }6 I2 o$ d% eCalgary 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.4 _3 p7 _! P" i) [/ O" M; _
1 \' z9 _) U0 }- `! k& l& M, DYear-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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* T% u6 Q3 S- d" W) P/ tBetween 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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