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http://calgaryrealestatereview.com/; J+ F, N% K' Z0 i& A+ Y/ {' X
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Calgary New Home Prices Post Largest Increase Since 2007
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$ r- e+ t: t- U; o: z" J2 NCalgary 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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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.. e- M& f) g8 ~! H( N
9 m' d) g) F! [6 w; {( L, g1 mBetween 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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