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http://calgaryrealestatereview.com/
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) j O0 o, t8 t( dCalgary New Home Prices Post Largest Increase Since 2007! j+ ~+ t o- G7 X; M
- E7 L7 \4 a( WCalgary 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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5 w& T" W" E" f7 v1 X- kYear-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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" u5 ?0 G! T% G e" {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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