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http://calgaryrealestatereview.com/5 d1 z! J8 X$ s
8 K/ U8 X' _5 DCalgary New Home Prices Post Largest Increase Since 20074 h1 s) D8 r M; P, `
9 u; v$ K) G& I9 o8 p0 ^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.0 `& L' G+ j a1 H7 d
$ K5 W f: N' u/ _$ jYear-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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% N; k6 G2 ]9 ^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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