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http://calgaryrealestatereview.com/* F+ }' ~; X' X" ~$ W
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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.6 R+ {" w: U: L: x9 {) j
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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. ?- S6 v: M9 k* ]5 o9 U$ N' L
) U% T; U: S5 k$ ZBetween 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.# \9 t" R n) \) ]
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