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http://calgaryrealestatereview.com/* R5 ^) W5 J# i8 g
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Calgary New Home Prices Post Largest Increase Since 2007
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6 s# L& x* E/ D3 N. K M/ A3 |+ Q, UCalgary 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.! q9 k3 G% H" Z3 L9 I0 I/ R6 v+ k
/ |5 U0 x8 B8 \1 lBetween 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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