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http://calgaryrealestatereview.com/
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6 L# J5 B; ^) u$ m% Z* Z: }3 c0 UCalgary New Home Prices Post Largest Increase Since 2007# S7 ^: D: B9 }% N% U4 s {
; K' R+ }3 g) c1 b0 O# 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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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: v [7 V- `, E" q
1 s3 n- Z! ~& }9 X6 sBetween 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.' K& Q$ ] D4 |1 V/ E6 O2 G
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