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Calgary New Home Prices Post Largest Increase Since 2007( e2 b7 M6 K9 H2 F2 J' t! G
7 N, w& _& T8 T( s( B: GCalgary 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.; C2 _- u4 ~: g
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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., B: f; L% F- p7 u7 d7 S
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