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http://calgaryrealestatereview.com/
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, x8 `7 p) s8 h9 a4 UCalgary New Home Prices Post Largest Increase Since 2007! m, I5 a$ k* B5 z
3 y( `$ }8 G, J" G, 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.
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. m( y7 X) V1 |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.' O" r* b( d$ N( l9 X
) z# |6 q, w# F9 O. S8 cBetween 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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