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http://calgaryrealestatereview.com/6 Z6 {" ?' E7 S" M5 X
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Calgary New Home Prices Post Largest Increase Since 2007! J! Q o- ]- V$ m; k. P) I
; L# r, T. Q% rCalgary 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.+ A7 d( U2 l/ }7 V' Z0 M& p; f
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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.1 v" f7 D# V) P
& d0 k5 C9 R. @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 2007.7 |, v2 Z# q# C1 K, ~
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