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http://calgaryrealestatereview.com/
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! Y4 o, ~0 s9 d$ KCalgary New Home Prices Post Largest Increase Since 2007
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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.4 o H8 w( f- v0 a9 P) p
3 p2 I$ I& S; X' O0 KYear-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.& b" l* b2 w1 g3 V0 |/ C) D* \( r
" p# G. D: {$ u" K- 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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