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http://calgaryrealestatereview.com/& c" R) @6 v4 B
+ j. Z: R) N8 U7 v4 E, F+ QCalgary New Home Prices Post Largest Increase Since 2007: o; U. N+ F N
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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. Q# A# X- }* m3 z5 x$ h8 t7 ~/ g
: l1 n5 d9 w6 K1 bYear-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.
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