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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007$ E+ w. E3 u: v, P
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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.6 u; [- i& d6 Y2 j3 e$ c
; W# D# F5 L# ?8 O6 |8 k$ uYear-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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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 2007.8 q9 k/ c0 H9 U1 Q' x6 Q. h
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