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http://calgaryrealestatereview.com/
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" h+ P' x8 {5 J9 TCalgary New Home Prices Post Largest Increase Since 2007
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2 J6 d4 E: [+ e! 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.8 L8 \& l) R; D3 O
, e, c1 { B- jYear-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., t# i% _; x1 X; H1 e; R" A
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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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