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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007: z# l; J) |& e) E/ ?, p4 Q! z9 k
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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.
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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.5 q9 i; `4 p9 y1 M1 W& o) i5 x, V
/ [4 N1 ~7 Y T" L9 U& c5 Y* qBetween 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.* R9 V3 }+ F6 S m
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