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http://calgaryrealestatereview.com/
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$ B3 X! V8 K# N ]Calgary New Home Prices Post Largest Increase Since 2007
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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./ A1 F. }4 W, c# d2 X0 t
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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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6 o- s& _, [* c9 R4 ?* j& VBetween 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 2007.1 I; g: L: F E3 O( j: W- {. W
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