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http://calgaryrealestatereview.com/$ T0 Y \4 B+ r, s
) h- D- s0 E6 N" hCalgary 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.( i9 w8 p# ~1 H- ]
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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.$ ]1 ~5 n! ^+ L% p) J
/ Z# U# B- c7 }# T/ G7 ]4 k4 BBetween 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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