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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007' m8 D/ u2 q1 H7 D
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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.8 [9 m3 T$ T* x7 f
5 {: r: [; E/ C$ F- T0 QYear-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.- J) p: H4 r2 ]. }" n. R1 t- G0 d
) ]% t) [% b% Z! bBetween 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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