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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 20071 T5 {7 z! s+ Y& W9 n
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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.- H2 e/ w+ n: v' l8 B
! P4 K$ C* d' A4 Z! W0 X, \3 _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.# K# P" p# ~4 _4 Y2 S" s0 t" R
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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.* b- R! T& L/ J; \4 F7 Y# R! j
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