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http://calgaryrealestatereview.com/
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4 ^+ p/ ~* Y% @; J4 B: p; LCalgary New Home Prices Post Largest Increase Since 2007- A* d5 S e+ n5 M
0 o. g* n! C- E7 C. H& uCalgary 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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8 _$ l( N' A+ A6 V( P% RYear-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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$ F+ U! O& ?$ RBetween 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 2007.2 l$ w( r- }& N7 N V
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