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http://calgaryrealestatereview.com/1 |% w! j: u! l6 T: g) I
+ u( G) w+ \8 uCalgary New Home Prices Post Largest Increase Since 2007$ }- i" \; t$ u6 }) l2 e
* v4 H) A* o" s+ M# zCalgary 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.( d6 g* g7 U0 L* ?
l1 K1 e+ s* g( Q, w* `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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6 `( y: Z \7 Y) p8 K# ~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.
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