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http://calgaryrealestatereview.com/. ~0 U/ I( w7 ^5 }1 @* k9 X
! ]( S% G. Z* b2 O( H- HCalgary 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.8 R+ E) X& c7 y: I
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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.' i9 B. d' q: d+ J# E5 x
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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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