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http://calgaryrealestatereview.com/9 i1 p# Q* f: m. g, }
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Calgary New Home Prices Post Largest Increase Since 2007, W- W; f( }9 F2 e: c& b) n7 d
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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.
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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.- d8 N6 Z4 }( n3 W! x8 a( D
# V- u+ }2 g" a: JBetween 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.
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