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http://calgaryrealestatereview.com/2 j: j) k( m I. U8 Q
# P* [8 b/ M1 |Calgary New Home Prices Post Largest Increase Since 20071 \' p* R) {) L% S- g/ u
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Calgary 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.9 A7 I3 }1 ?9 P) c; F& A# _: _
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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.. r* {3 V* }2 K+ V. ?1 H" W# f
: Y3 m% f3 H, G* [# B. `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.& i9 f: h! w' ]( d1 z2 L
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