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http://calgaryrealestatereview.com/4 M9 \& H$ o( j; F# L9 F, T
" |8 ]" c# ]( L' }. P& H; \ LCalgary New Home Prices Post Largest Increase Since 20076 I& q( N( z) g2 b
% q& r, q) L7 P* kCalgary 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.7 G. Z& _8 y; h( @& H- Z& Z' Y* @5 F
* i! w$ `: g4 w8 EYear-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.+ g1 r+ r+ N( g: b
1 m* e! ?' V0 L. L2 s6 H! ZBetween 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. S4 }, u Y2 B' V) t+ ~% V+ T
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