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http://calgaryrealestatereview.com/
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Q- P/ W% z! ` V" B7 @Calgary New Home Prices Post Largest Increase Since 2007/ w" A: m7 g6 @$ ]. P6 ]
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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.. z% e' e; k1 C* V
# I" J2 I! z" Z0 l) @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.3 N" V X* j! A/ z2 j( w3 i
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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 2007.3 p* }2 @. t( i* H7 x$ c- j9 C& M
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