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http://calgaryrealestatereview.com/% l3 r* B& K9 P9 q5 F$ x, `
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Calgary New Home Prices Post Largest Increase Since 2007# S0 o/ E& Z, W9 i
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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.2 |) r/ S f% ?" y; l! s; u$ f( L4 J6 B
! o( l8 F# T& W& ^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.) x) }9 `- @& V: F+ p. \% f
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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.
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