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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007. j. U" h/ l# q( s* m% ^! H# m: ]
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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.) B1 A# k( _. Z. n; B- `2 t
3 j% h6 z& Q; @( R$ b" }" [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.7 E, y1 R j0 L) D
$ {' i" v' I9 FBetween 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.. q: \8 v/ B4 T6 ?, T R: z8 e% N9 F& p
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