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http://calgaryrealestatereview.com/0 N+ ?( h! Q# ]2 e) F _ z3 K
( ~5 t$ H* p7 c& tCalgary New Home Prices Post Largest Increase Since 20072 B9 l6 w3 v; o0 m+ u2 h9 X; v
2 i- R8 u' S& ?5 n; P5 d$ dCalgary 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.
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, [( q4 B- b7 i% r& }1 }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.1 e" V3 v7 `) ? |
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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.; ^$ e, G, w$ ~% o6 E9 X% j
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