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http://calgaryrealestatereview.com/) p/ ]4 V1 A1 e+ R# [0 t+ ~& X
0 I5 l0 Z( C; o/ m1 R, sCalgary New Home Prices Post Largest Increase Since 2007% _2 t6 { _5 N2 i' u1 N
; W( J3 l" T& i' j \1 u0 q6 C; l2 r: ?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.% E7 Q! f: U& D7 k
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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." O% _* J3 q% Q
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