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http://calgaryrealestatereview.com/$ ?4 T- U" h6 @$ z% @ ?4 `4 Q
8 G1 H2 H; S, x* w& _4 u/ DCalgary New Home Prices Post Largest Increase Since 2007
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/ X6 `2 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.
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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.) C* \, K' y- }. t, C: y- ~8 b
5 @8 U7 t* s9 d7 }! s5 G* f! eBetween 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.: b* \4 I- d1 A
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