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http://calgaryrealestatereview.com/
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7 L/ T( T% v% m i4 _3 m h) ~/ lCalgary New Home Prices Post Largest Increase Since 2007
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. F- x6 l- O* C( ?* ]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.$ X( a0 z' e( u7 l8 `0 k9 r8 N
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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.
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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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