http://calgaryrealestatereview.com/ 6 |# x" M' ~9 b; q6 a' d2 A% h" @5 ~9 M3 |" x
Calgary New Home Prices Post Largest Increase Since 2007 ' W! P9 a5 e0 Z; O5 b6 F5 I! B9 k4 |; _1 Y
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 [0 j' p2 z* H* _
8 l: x/ t7 T6 ^9 b0 M" x+ jYear-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." i3 _' O; a( u7 G; m
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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. 2 J1 Z u3 D# n' k- t