http://calgaryrealestatereview.com/ & L( a! _1 z R* q 1 l0 [7 ?# _' d) J' F/ m! GCalgary New Home Prices Post Largest Increase Since 2007 . o# d5 N" H: _0 i; D ` 8 a1 r T/ X! b$ WCalgary 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 V/ m. i/ t* H" d
# M; N# I7 k6 i2 SYear-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./ C* Y1 H9 O/ {4 u7 e# _
( s0 V& ?* e4 Q* x8 _! Y1 ~# y2 h5 z9 wBetween 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. ! J3 X$ b% c- E$ k+ ?& s3 T