http://calgaryrealestatereview.com/3 C4 H& R5 ]; U0 V# a5 a
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Calgary New Home Prices Post Largest Increase Since 2007 4 j; I: m2 V( ^- K0 {/ s 0 W: Z6 ~. b" T! u+ f' J/ [Calgary 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.; t' @2 w3 U0 z2 a6 @9 \
9 E8 L- n" o8 qYear-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.1 _& ^& V- }% ?6 P1 f. _
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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. 1 J3 N% O7 v7 t