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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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6 N/ a. z/ T0 W* FCalgary 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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, I: X6 L( y D5 r3 c' ?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.
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! v) P8 L8 N4 f o* ?* kBetween 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 2007.8 i- V/ k! p, D4 x `
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