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http://calgaryrealestatereview.com/
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( z% y5 |1 K. h2 y% d+ }; J) FCalgary New Home Prices Post Largest Increase Since 2007$ z1 Q, {0 i: b) p, l* ]
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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.
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; J7 U4 O- n. }' g! K8 l- BYear-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./ ^3 Z; f- v9 b: e" j0 K. f4 J
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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.
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