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http://calgaryrealestatereview.com/8 M5 \- T/ Q+ S% n) @. W) L+ K
; x' I4 H) B. S& o! Q$ k- D: H8 ICalgary 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.( J3 `) B. x% V X: V
) Y- z8 X1 F, Q- ?8 [! ~. Z9 x% L! ]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.: N8 J' P7 r7 m( x) m# c1 [- o
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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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