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http://calgaryrealestatereview.com/+ y E7 j9 Y* ~$ l
) [: K- w/ N$ C" \ ^/ a& _3 jCalgary New Home Prices Post Largest Increase Since 2007
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1 j w6 ]" v1 YCalgary 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.: N! q/ o# x0 `! s+ g8 W: d' q' D
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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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. E& L' N- W' r. Z3 O# @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 2007.9 [ p2 n1 E, V2 ]6 Y ?( p
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