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http://calgaryrealestatereview.com/
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, d: T1 I0 X2 X7 ^Calgary New Home Prices Post Largest Increase Since 20074 E* o$ `% v" p; Q7 r& i2 c- t3 d
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Calgary 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.) L# n1 z }+ @, S$ n& ~' Z
( L6 F& k0 v/ z3 M' I) H' 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.) J* D1 ~, _9 _$ U! D4 z
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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.- S! @2 @, U8 `9 L- c, n. A$ W
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