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http://calgaryrealestatereview.com/
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! w# i! z: ~$ D$ R/ x, Q7 }( gCalgary New Home Prices Post Largest Increase Since 2007# M4 K' r/ W; Q |. L! C
; r/ c) O, k7 P$ e; CCalgary 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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2 W1 A: ]( |1 ?% Z# @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.* t, F! I; P$ T% i' p8 r
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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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