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http://calgaryrealestatereview.com/
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0 R; w8 e4 K! S9 \5 Y2 Z$ s. `* FCalgary New Home Prices Post Largest Increase Since 2007
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3 S- J7 z! f$ O1 Z! qCalgary 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.% {6 x6 Y e4 m0 n( x
7 P; o# |0 ~" r7 }1 u. VYear-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./ t# B& u0 F; z2 a+ {
$ n, u- Z( x5 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.+ E& W+ R$ |9 a% C
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