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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007
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6 I. J7 ^* @: G0 YCalgary 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.. s& r; d/ Z: T( d, X5 l* g6 V
" G6 X- U# v1 G3 |* z# V* _- GYear-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./ u/ p( e: V! l: W: {9 a2 W
6 g, B9 ^9 C4 o8 s1 y, `+ ?$ @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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