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http://calgaryrealestatereview.com/
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* D& b9 Y! M; Y. G- k+ qCalgary 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.9 Y+ Q8 |9 @3 ?8 ~3 y
+ U1 F# I( S' KYear-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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+ b# d5 J. C9 bBetween 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- b/ t! u5 I+ r
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