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http://calgaryrealestatereview.com/: A" n; l9 Q; q1 O
$ Z) O4 q" V5 ?) g8 k" h+ T+ X5 gCalgary New Home Prices Post Largest Increase Since 2007
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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.7 s! i m- [: x5 S4 f. d' s: `! o4 z
% Q+ J$ b: c: z" g" \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.) @; T; v: B0 B" A
) B! A! z9 j% p* \) XBetween 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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