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http://calgaryrealestatereview.com/
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, G) K) ^- P* O4 MCalgary New Home Prices Post Largest Increase Since 2007% x$ Z9 W5 d, f3 I
3 v8 }( }6 L+ CCalgary 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.6 M1 v; u3 R1 n! g+ i+ l9 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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