http://calgaryrealestatereview.com/ ; j$ v5 A! n) [) t+ g' F8 D" c' ]! i( ~" D
Calgary New Home Prices Post Largest Increase Since 2007 & f1 Y1 d N D/ J1 w \0 Y" Z$ I$ P; i
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. & b W3 _% F2 P & F3 S" M( i; e% tYear-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. 4 e: n9 O1 y' x! \2 G Z: O % C+ z/ a. n* ~- V W8 u& k2 h* v2 MBetween 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. + S5 a% j* b" A$ Z: q$ n6 Y