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http://calgaryrealestatereview.com// P3 t) C8 m S: [, J
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Calgary New Home Prices Post Largest Increase Since 2007. @, D; x4 Z1 X% h
% I/ V4 M V a! [2 c$ t! y' G: @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.3 P$ o- ?9 F5 Q( l- w
$ S/ M. p& ?+ d; |$ a: 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.
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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 2007.5 \. o4 Q: d4 z, t! G! L- M4 I
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