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http://calgaryrealestatereview.com/6 I% w3 R3 t' |# u
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Calgary New Home Prices Post Largest Increase Since 2007
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* `) D0 q& k6 q* L2 z2 P M* oCalgary 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.+ k& O. `, _ ]$ \1 ]+ U2 T5 Y
9 Z7 V Y# G/ V8 @# p7 d: SYear-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.0 H/ o1 f( Y* ^4 t" J% W" u
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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.
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