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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007" L; L* U/ H/ j6 b- U1 k, j# K
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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.3 J- K# [6 _1 u( u
/ ~! F7 Y5 o6 o$ _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.' n# s$ W- U7 w" F8 \& ?
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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( l q
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