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http://calgaryrealestatereview.com/
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) ~" d, }* W5 ^, p4 J# WCalgary New Home Prices Post Largest Increase Since 20070 ~% J4 B6 G& M9 I; l% l3 v! F1 \
( y/ E# S0 d2 X2 x S& fCalgary 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.; I1 J, s/ o- f- ^
. w2 u9 w: [( I; u, U0 j/ D3 w% _8 AYear-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.) f: W: z4 [- y) r5 o3 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 2007.8 r. D2 a& ]' [: w
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