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http://calgaryrealestatereview.com/( m9 V/ L+ C1 O, n) h- p0 w
4 K* _( M( @: N- W2 X0 ACalgary New Home Prices Post Largest Increase Since 2007( }5 ~/ |. a* G, \/ i1 b- o
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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." K C5 ^. j: J% L. S# c
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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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* }/ G4 f# d; u1 m {4 lBetween 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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