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http://calgaryrealestatereview.com/% Z/ q1 z) T, w$ x
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Calgary New Home Prices Post Largest Increase Since 2007& s) ?- j+ n- c% u' q
5 {, x1 Z; U k5 E! R4 {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.
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) n' R% ]; h) c* N: v0 MYear-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.2 u7 }6 ? ?( r( R: p
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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.. G9 X/ @1 o0 G" L0 Y0 ]8 y
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