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http://calgaryrealestatereview.com/' w0 i, G6 N0 ^8 Y
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Calgary New Home Prices Post Largest Increase Since 20075 E( p9 c& C9 L. D7 E j
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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.! R5 p4 p6 N- t- t* |6 S; v
; `+ s7 c! ^) `, i8 X4 a4 bYear-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." b) K7 Q" G3 u7 \# ~: k
- j8 h* L, L' ]/ U0 C# N. y: f* @ BBetween 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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