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http://calgaryrealestatereview.com/, N- q2 C$ Q* k9 O
4 ?+ V9 v3 M# F% N7 L5 g7 u2 C+ _Calgary New Home Prices Post Largest Increase Since 2007 D- C7 [* t$ x7 z3 D( s
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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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3 X5 o& j9 I3 g9 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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! I8 l4 j6 k+ ]) ABetween 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 2007.8 R( G8 W$ J$ B. X0 M
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