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http://calgaryrealestatereview.com/' i7 z7 ^5 P2 t, s/ w/ @/ L6 D2 l
: Y# r) X0 O2 b h. Q6 E* DCalgary New Home Prices Post Largest Increase Since 2007
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4 \5 ^1 N- F0 x7 m) kCalgary 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.9 ]3 R9 Q2 t4 r# c( B) l: X0 M
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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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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 2007.1 g9 B4 D% N, D" Q' S5 G; P
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