http://calgaryrealestatereview.com/ H& S! T2 |+ B9 K" L% u8 ?
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Calgary New Home Prices Post Largest Increase Since 20074 h1 O' u! d8 q% Q- c& [; I; r
2 H* p/ Q7 `; o9 @# H" Q! mCalgary 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. . g3 d# e% A% g . |: z/ u+ k1 Z+ N/ b% PYear-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.& i* K6 j$ {/ \
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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. ' L% j& [: w6 U6 }& ~3 ?