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http://calgaryrealestatereview.com/8 F( D) m# k& W; V6 ?# L
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Calgary New Home Prices Post Largest Increase Since 2007, a( h( r+ ?4 Y+ C
) k, l K- ~" ]& gCalgary 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.) c5 G+ A9 {2 q- x
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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 2007.4 X B$ G# g4 q5 _
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