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http://calgaryrealestatereview.com/+ ~, ?6 ]2 H: v% Z- a0 W# v
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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.
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! @! J5 y, ?: v2 ?& Q- @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.
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8 m' F4 a4 O/ Z" [9 k- ?' e' b7 y; pBetween 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.# [' o0 s" t, l. ^
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