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http://calgaryrealestatereview.com/
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O$ Q/ W" `3 \7 nCalgary New Home Prices Post Largest Increase Since 2007
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, n! [7 \. V* C1 p, I$ dCalgary 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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, ]6 e/ p( m4 D4 t6 B8 N8 I: vYear-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.7 Y$ x1 U# F! k( I: N
; C7 ?9 x6 }1 ]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.
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