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http://calgaryrealestatereview.com/6 n! W7 f1 \. k" b" w$ s
# H4 v: t( r; `( |( t% y MCalgary New Home Prices Post Largest Increase Since 2007+ @% o7 o; f* U8 K3 B0 y% w
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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.
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5 x) N0 W* ]1 D# j3 ]$ ^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 2007.6 `# R; ]# m2 }, @
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