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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007* y& c* X- c6 X! i6 F; I
4 `' J. z3 s* ^, W) L' @* pCalgary 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.- F+ ?5 T, }- w& m9 H4 u c3 _
6 I& U- J1 K& a# O: L+ EYear-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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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 2007.2 o+ F3 n5 \/ J4 i+ K
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