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http://calgaryrealestatereview.com/
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- O% W8 d% h; @, Z; OCalgary New Home Prices Post Largest Increase Since 2007
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( E. x- Q) Z2 L- v. PCalgary 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. K, H/ C$ F0 [' ?- U4 I5 q
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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.! O6 I; w- U3 S
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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.& s) S/ V! a$ {/ A0 I/ y/ N
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