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http://calgaryrealestatereview.com/
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4 u# T. l d' u0 ?7 E. R: l) UCalgary New Home Prices Post Largest Increase Since 2007
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0 x- o+ {! C5 p, J1 N! c p# `* _& mCalgary 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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: p$ w5 h! y# [% Z7 r$ A8 C9 c" RYear-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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" g) l2 z. a+ LBetween 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.: k4 A# o$ t4 R; l8 h3 }
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