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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007- h! t6 A$ h: k7 K# 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.
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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., A6 q" V( c' g7 V7 N
7 M0 w; a3 s7 k) s6 d4 {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./ S/ s i3 q9 Q$ O' b
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