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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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! F& H2 Y/ Z; i# u* a4 {/ W1 l5 xCalgary 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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9 A# V" f4 k7 {. l* _4 L9 T' T4 VYear-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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Between 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., n- x+ L: v2 r5 ?" S% ]! }# C0 ~( |
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