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http://calgaryrealestatereview.com/+ ^6 x% n. b; V- i+ p6 x
9 O3 \6 ^ |2 I% fCalgary New Home Prices Post Largest Increase Since 2007
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& B- Q, g# {8 S$ s: Z9 {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." [, T, o9 G, V& ]* h) B: V0 G
3 u/ R2 V1 a) ]; lYear-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.* o3 j( S( Z. Q! z6 [- _. a
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