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http://calgaryrealestatereview.com/$ L; t* O+ z! y& ~. E+ N
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Calgary New Home Prices Post Largest Increase Since 20078 o6 i6 K% Q2 X$ d9 E
, E0 P: @' S. i) U9 WCalgary 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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4 A F6 S6 g& G4 t7 IYear-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.
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