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http://calgaryrealestatereview.com/
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: Q7 V! G* @6 X! TCalgary New Home Prices Post Largest Increase Since 2007! ^6 [% {+ f& b$ W
( c, G5 | p) T$ O: C8 WCalgary 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.3 @) y! b6 K7 r# ?& o" t2 l5 R
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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.
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7 |; D8 M% H }' `3 XBetween 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 2007.3 q" T/ Z/ C' i$ U, d% B( c% z# O
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