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http://calgaryrealestatereview.com/
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: r. M9 q. ]4 C& F. U% D- S) F0 NCalgary New Home Prices Post Largest Increase Since 20071 y, H& s* j4 c" D
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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.% }; \/ b9 r$ ?. \! q
4 k1 }& v. A/ Z* C# J XYear-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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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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