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http://calgaryrealestatereview.com/- N( m$ q1 i7 l( J- S8 N% {
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Calgary New Home Prices Post Largest Increase Since 20070 i- { E; x8 _' Y) n
1 y g, K" T# Z! ]; BCalgary 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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( k6 f6 V- t( zYear-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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4 Y. S! @9 u, YBetween 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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