http://calgaryrealestatereview.com/ 7 Z8 o- f3 U9 q2 f8 ] % A" O& g: {; v3 WCalgary New Home Prices Post Largest Increase Since 2007 $ _' L: I! d$ Z4 K( s3 N ! W5 S7 Y. I" y% n: |) Z7 BCalgary 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. 3 I- F3 L* h6 g {4 c- T 2 P- T+ y0 \; c: j/ M& N0 B3 e% 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.& r" S! n) S! ?# A/ |
# P: ]- n* E7 }( g) x5 K' H SBetween 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 2007.5 i5 m z8 E& M5 B4 k: U4 r! E) P
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