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http://calgaryrealestatereview.com/
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3 T/ m' A+ h4 e- kCalgary New Home Prices Post Largest Increase Since 2007; x# N' ]5 c8 s j& o- U
3 D/ n6 a, b& L* k0 ECalgary 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.. `+ b: y6 K- |- M
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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." F1 c5 w* ~$ j/ F- R
6 A0 @: C6 j9 g7 J& B# TBetween 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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