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http://calgaryrealestatereview.com/: l0 A, a; I0 f! \. z9 ~- N
+ [. [$ A% q2 m- x: P. P6 t* G1 c/ wCalgary New Home Prices Post Largest Increase Since 2007
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7 ^' Y$ X, b. |' M( f: I0 Y: sCalgary 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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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.% k. R9 x; ?5 L% L( l t6 k
% S; S8 B" I6 YBetween 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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