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http://calgaryrealestatereview.com/
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3 _8 ~& `6 y: m+ a7 Q" y, r6 oCalgary New Home Prices Post Largest Increase Since 2007: d+ ~3 V/ L) X+ R' |) ?, C0 }
+ s' \ }9 K" e( aCalgary 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.8 U3 k! h1 o6 H- t7 K _
% l0 w. f8 P' B' E7 qYear-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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3 K4 s- P+ u& \, \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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