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http://calgaryrealestatereview.com/
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3 W" A5 Z1 i9 {& p6 sCalgary New Home Prices Post Largest Increase Since 2007
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5 |1 D/ ], d4 D0 j' rCalgary 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.+ ^' i4 f& E+ ~$ G0 K
2 K: k) ^7 d! MYear-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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