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http://calgaryrealestatereview.com// a4 q9 J3 ~" A, _: C7 z2 e
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Calgary New Home Prices Post Largest Increase Since 2007' g% k! N' Q, f6 c- h2 o. a
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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.# B( |: G- I3 T: |
7 H& O9 s+ S& M( W" v+ eYear-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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8 c: M' [& y* p* t- }5 tBetween 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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