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http://calgaryrealestatereview.com/" g7 d& Y$ G* G
! j, i$ b/ P+ X% uCalgary 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.3 A' L2 r( z- F
8 P, p' X9 d# W- {% OYear-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.: Z% m! [6 M- I" ^
9 O! E) p% I/ s2 w6 f5 P# 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.) X+ `$ @7 H+ I$ E9 U: V
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