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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007: y1 G# m3 r# s% f/ T
. W' I+ }4 B/ B; b9 H& J$ f& k% A/ 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.% l4 H+ I# n! t# P9 x6 T8 R& S3 ?
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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.. }! ~' F- q& ^% k H+ ?
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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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