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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007* q% Z6 I1 Q, v6 V/ z
/ i9 U1 Y' P2 e6 y/ I) {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.2 r4 ~% D- I, h9 ~! {8 k4 r
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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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% A+ U U8 q. N9 h. I( hBetween 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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