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http://calgaryrealestatereview.com/
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) w) j' m% _ x) T3 ]3 bCalgary New Home Prices Post Largest Increase Since 2007
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% {" }+ J$ j+ m3 ?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.
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- `! T9 v6 k* f8 z6 HYear-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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% @: B4 g2 L' o5 A( ~. Q$ aBetween 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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