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http://calgaryrealestatereview.com/
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8 m/ s8 ^- [$ R9 zCalgary New Home Prices Post Largest Increase Since 2007
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* U1 b. W- T/ w* ~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.1 F5 t, f+ O% H' B8 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.: V% ?& O( b% t9 r! A
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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.# w# Y/ C* l! @- p
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