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http://calgaryrealestatereview.com/
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9 Z( a* b! {" W) j0 T# R+ S4 ACalgary New Home Prices Post Largest Increase Since 2007
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! T& u( g! J% u2 X1 j# g+ j& CCalgary 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.! j5 [8 y+ D% F4 b' j5 _5 y/ f
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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.6 ^$ ^5 m' v* t) }) @
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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., D% ?; L' q# @
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