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http://calgaryrealestatereview.com/% k/ R/ u8 N+ ^ \! x. L2 G
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Calgary New Home Prices Post Largest Increase Since 2007& j* S6 I. K7 }' `* ] a7 g9 [4 R) Y) Y
: K: p. o1 B y7 R5 bCalgary 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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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.
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- X0 i: D% _6 s5 U! gBetween 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.
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