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http://calgaryrealestatereview.com/
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' ~! K( d& O9 z, Q Y" tCalgary New Home Prices Post Largest Increase Since 2007, A, B. a, m& m7 k9 Z
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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.3 o" f* Y, o% z, T/ q- U
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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." |1 _: c) v& A4 K2 _( h# k
# j7 V0 x2 G+ w/ aBetween 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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