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http://calgaryrealestatereview.com/4 \- l% t' j8 h4 Q! Z/ t+ c7 V
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Calgary New Home Prices Post Largest Increase Since 2007( S- w/ T. B5 F$ J7 f) m: ~: d# e
% U+ S* k0 F8 U) y( zCalgary 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! E/ P/ C$ ?* B- DBetween 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.- Z& s2 `6 z% j& A( |1 h! e
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