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http://calgaryrealestatereview.com/
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; w2 C2 v$ R/ r) V6 [& p+ A' lCalgary New Home Prices Post Largest Increase Since 20077 X$ h& C/ v& G% A3 a- J6 u" H
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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.3 }. W _8 ?' m3 K8 ^2 H5 [6 e
" _, L8 x' A6 }. F0 ]5 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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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 2007.0 ?" _; e3 B+ W& S3 Y5 A0 i/ Y
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