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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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( s/ ?2 N# O/ b9 p% {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.6 X# j) L& j |
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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./ H3 v# ~+ F2 s
, m' F& A" U0 b" o0 M0 d9 xBetween 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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