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http://calgaryrealestatereview.com/: i5 |2 p# _- p' Q$ N
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Calgary New Home Prices Post Largest Increase Since 2007' A2 T0 Z2 a1 L4 n( z% |, C
2 W$ Z( W% \: b) v. c# yCalgary 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.4 }$ N' D7 `( S* w& R/ F
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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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( w/ A& j7 X. Q* a' Z6 ?) {0 lBetween 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.! V$ i, X u \$ _0 i* @- |
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