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http://calgaryrealestatereview.com// {- ^5 \( g& Q. @) @7 S" x- W" X
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Calgary New Home Prices Post Largest Increase Since 20078 K! a' v* j" T, A+ m8 \% P
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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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7 H4 j1 X) t) C; fYear-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." |9 A# B& B0 Z$ Q9 c
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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 2007.6 |6 u1 ~$ l& v, q6 E
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