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http://calgaryrealestatereview.com/
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' g0 \4 E3 n+ h: y' y( @3 aCalgary New Home Prices Post Largest Increase Since 2007
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, b! [8 t4 b: T, rCalgary 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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3 g- U/ C4 i* ?1 BYear-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.7 |+ a w/ c8 E; V4 D
1 x8 m3 Z8 ~! sBetween 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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