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http://calgaryrealestatereview.com/8 I' E7 U& ^5 J6 j1 F9 L
" m5 X. Z0 N8 ]/ I7 zCalgary 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.
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. M* |) T+ |8 Y; D' ?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.# Y: [) g% Y$ E3 G1 R
' g6 i: z2 y1 |+ q# F: u5 |& mBetween 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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