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http://calgaryrealestatereview.com/
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- Y ~& k2 M l2 s( S5 [4 WCalgary New Home Prices Post Largest Increase Since 2007+ P$ k' [4 Y) q2 t( ~
, Z& \. z( P& I% u- r2 j" OCalgary 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.! w: F$ c$ e2 \) q8 e3 {! X
4 F- A8 S$ x! Z! V- LYear-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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8 w0 J4 o, [- H' |9 {; IBetween 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./ X, L3 r0 W. V/ m
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