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http://calgaryrealestatereview.com/
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9 f2 O, N8 @' L1 E/ e1 X; wCalgary New Home Prices Post Largest Increase Since 2007
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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.- V/ l$ ?3 V4 H1 R4 U. a6 j
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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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# x9 z |/ X: a* Z4 r, r1 U- o: ZBetween 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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