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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007. K9 `: j. t" L! \/ e
9 \, i8 k$ n1 X7 V' ]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.. _/ ^: P: m% u$ J
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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.. _8 S0 x: l. [/ A3 G, N+ q
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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 2007.9 [4 a& y- l( a: E/ |, ^
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