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http://calgaryrealestatereview.com/, Y. B8 L6 } _0 f4 c4 W# T
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Calgary New Home Prices Post Largest Increase Since 2007
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9 H7 v+ n2 t7 PCalgary 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.8 l2 [9 B4 c$ z+ E' z1 x; D, T
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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.; x. j1 H& U4 M- a
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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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