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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 20079 s. S6 t* y" k9 E2 V" |4 l( h S1 K
- o% H9 Z4 u# R" |* |' w# qCalgary 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.: H/ Q' m9 }/ }- N2 {5 c/ y1 z
. K. @" t/ t% e. X6 n1 M9 t. m# bYear-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.; G; j9 Q6 n5 D6 |( X7 O9 |
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