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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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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.+ K" c* y9 f1 g }3 R2 [' \
3 ^' s- `9 c# y8 p8 [' pYear-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.4 Q9 y8 M3 y1 M
& e6 v/ G) g. d+ y8 ZBetween 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./ W& [% b9 ^: l8 |1 q
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