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http://calgaryrealestatereview.com/* r' k6 w; v R, m b* b! L
4 m' y1 n( B. {8 Y6 `# nCalgary 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.( @- r* m0 T M; {' P8 {
/ e; I2 p# b+ e+ j$ ~! Y: ?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.
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' H: h# F6 J D/ F$ ?/ @2 kBetween 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.: F: {. g( Z: {" v4 i
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