http://calgaryrealestatereview.com/' ]: A: ^; N% d" ?. e/ U
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Calgary New Home Prices Post Largest Increase Since 2007 + n0 H" n) p- H. b8 Q3 Q( E7 h' F# `9 }" H ?4 n1 @" P" V
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.8 K4 c* i7 q* V( i
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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. " p6 I" ~2 g! l4 W ]/ Q% g* s" [$ Y" @9 U
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.! E* Q6 R& }+ J6 _1 H