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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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; ~$ [9 {7 V4 \% ?# UCalgary 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.: l1 x6 ?1 k0 g- M; B' l$ O$ A
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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.' D) w5 C4 b% S" x, F) S
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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.+ x5 N! M+ ]; R) H- n
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