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http://calgaryrealestatereview.com/
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4 M0 W7 t5 ]. I) ~/ k4 OCalgary New Home Prices Post Largest Increase Since 2007
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5 a* l; E& ^0 LCalgary 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.+ E5 Q: P6 Y3 S, S
7 M8 _0 r, z' V3 uYear-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.$ A/ N; f% i* {+ l7 X8 u( r; f
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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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