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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 20070 P/ `+ l: V% D& x* h: j3 X9 c
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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.
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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.1 L+ c: L. o7 }4 A( d7 U
% |/ j5 @. d! B) }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 2007.4 x' v& v! ~, E
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