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http://calgaryrealestatereview.com/. w- }9 G Y% r: |- p: p
2 o2 O6 \' G& ^, a: @7 N& \Calgary 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.1 R' U# v. z7 x6 z" Q4 x' _9 ^9 ?2 k
' H/ ?6 H+ s& m2 z% E* y; g* LYear-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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% b+ m) O+ |, y& n# ?" WBetween 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.' {9 U; b$ Y1 E/ E3 Z
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