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http://calgaryrealestatereview.com/5 a, v, J/ D! N* K
8 M: L1 D" Y8 ^1 ?Calgary New Home Prices Post Largest Increase Since 2007
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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.* M/ \# c& _7 p+ O
3 J# `5 o, x& ^% o& ~7 yYear-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.* O' o. ?5 D4 D; Y" m( L
! V) u0 O% |% yBetween 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.$ P2 c1 P/ p% l" }8 b! S
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