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http://calgaryrealestatereview.com/
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* N5 _7 z0 f! @" Y1 f9 ~$ MCalgary New Home Prices Post Largest Increase Since 2007
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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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) q' _- \% I, b6 e9 j5 f VYear-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.5 @ m! f! ?( |; p% Z9 H5 n
; y! W; B9 |7 @4 ]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.# C9 T1 u1 O4 ~- U, M: v
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