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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007% w! s/ w1 g7 {) D5 A4 Y0 _
8 y; p# f6 U& ^6 m) t( wCalgary 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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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.( E- M& o$ \4 i& X5 ]. a( u
% t* D7 u& C, V9 Y0 h1 IBetween 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 y, l1 m# }1 F
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