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http://calgaryrealestatereview.com/
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; x" ?- p3 t; n- b) F" q5 jCalgary New Home Prices Post Largest Increase Since 20073 @/ W' l0 {+ e0 o m6 ]
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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." q6 F$ I5 U4 x/ Z
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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.8 o- |8 P% N5 F1 |2 z. B
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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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