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http://calgaryrealestatereview.com/: Y a1 }7 r+ Q) @8 [) }. v
5 V: V- R; Z& \; GCalgary 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.
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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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, P/ M6 K& U7 D8 g) t* ABetween 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 2007.7 F+ t4 {: a( @9 D8 K5 E- U
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