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http://calgaryrealestatereview.com/; R6 V4 d. y- _/ L+ _
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Calgary New Home Prices Post Largest Increase Since 2007
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6 y# k3 k" P T l- B! \$ |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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* Q1 p3 {7 a9 q7 ?5 N, `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.& D, t. n$ W6 x! a1 D( {& T, i
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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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