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http://calgaryrealestatereview.com/) ~( b0 O, g4 e
" M g* c8 g/ }) gCalgary New Home Prices Post Largest Increase Since 2007
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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.5 ?* q% U3 f! x- R0 A0 L0 ~% m* s1 R
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Year-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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( L) j% `2 M+ r! v: b% u% o" QBetween 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.- C. w. D1 s6 E
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