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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007, G* D3 f8 q* `6 _ |! S+ {/ t
7 Z9 ` q) t. A+ B! h$ \2 l4 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.5 l2 N* n% ~/ [
- @8 }/ x3 j$ y8 a! y( ^' dYear-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.
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