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http://calgaryrealestatereview.com/8 h1 M& [+ h6 p; e0 U2 Z
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Calgary New Home Prices Post Largest Increase Since 2007, {+ O# P5 }* I+ | p
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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.7 Y. E) ]. [& ~
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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.
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F& d1 E7 e* c9 w6 EBetween 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.+ z5 G% I: ~9 o: k- ]
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