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http://calgaryrealestatereview.com/6 E( |1 j+ t4 y. I% c3 J b: M4 a5 v3 r
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Calgary New Home Prices Post Largest Increase Since 2007: }% {6 L8 e, s
e0 G; j! N2 g5 ]* 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.
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7 A; e) o0 h& V# f! `3 NYear-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.8 z: ^2 J+ Z2 H: Z0 y7 J j
. ]) M* u1 i) G3 kBetween 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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