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http://calgaryrealestatereview.com/: Y9 X9 U' I+ ]' _) E; g
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Calgary New Home Prices Post Largest Increase Since 2007' h, `$ K; r8 \6 F- _/ L3 b
3 [% U1 c0 }$ n# C3 yCalgary 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.: W8 V$ L' d" V& Z3 u) H
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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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1 |0 [2 J' W3 p# y" YBetween 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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