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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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3 q5 r" G" M9 V p& FCalgary 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.* M7 y2 B* p# \( I8 I/ b
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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.; z" g6 `5 s6 t4 [
! P S! U5 y' r: h6 DBetween 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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