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http://calgaryrealestatereview.com/! j0 D2 W) v, @2 }( e1 h
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Calgary New Home Prices Post Largest Increase Since 2007
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8 m3 ^4 v% ` ]- {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.
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. k8 B |$ e+ h; W. x4 fYear-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./ q! F3 N2 x2 u
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