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http://calgaryrealestatereview.com/4 {7 h0 B: k8 e
: h0 x9 x& [7 M N- OCalgary 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.3 t |6 G" _! @5 I
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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.3 F% q" s& F1 d* x/ _; H, s; |
/ o* _8 v( V; U) pBetween 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 2007.5 U+ s9 Y# V) N. \- E
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