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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007% X" k$ ]9 b2 ~
* L. S2 I: ?4 P7 X) |3 BCalgary 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.+ H/ N& I" O% }. k. X" q* K) w: T2 C
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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.
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8 M2 \# }7 F+ `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 2007.2 B' _/ w/ x) ^- ?
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