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http://calgaryrealestatereview.com/
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6 Y& p$ l6 @% s, B, C2 e: a! ]+ HCalgary New Home Prices Post Largest Increase Since 2007
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& I6 ?5 O2 L+ @1 iCalgary 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.7 X( q6 _. `& N. T0 c
# q# F8 ]+ l+ @% n+ H; q3 _7 YYear-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.3 t# l5 l \ R
5 R- u5 F" i) ~8 V t/ dBetween 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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