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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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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.) S3 _& c/ x% @5 S" m
! X4 [, H: C5 `( zYear-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.4 ]. e7 j/ |. m
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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 2007.5 K" w$ E* M0 i) C8 X+ _7 e S
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