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http://calgaryrealestatereview.com/' ]' Z! A7 o1 e9 O, v% N$ Y% p) }
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Calgary New Home Prices Post Largest Increase Since 20079 L) x- X1 p, r3 U9 r
" r; i8 l$ y o' Q+ kCalgary 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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, h; d" v/ l1 _# ^& yYear-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.% B \6 a" L) `* k n
5 g$ s0 d& \( [+ d0 |: lBetween 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.$ P' A7 v4 A# z5 }7 A$ i
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