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http://calgaryrealestatereview.com/
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+ G' p6 Q9 [. B* bCalgary New Home Prices Post Largest Increase Since 2007
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! \" R2 ~; m) k) Q q0 nCalgary 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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; R2 M5 }. @# Q8 C2 pYear-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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8 p. t9 A& I: ?9 H. L/ 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.
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