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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007" P! T& O! ?& ]: w4 {5 ]" v/ p9 A
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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.
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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.- w2 U" G; C7 u( `, h. B
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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 2007.3 |$ n, [: \; n% w, _; M! \+ L
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