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http://calgaryrealestatereview.com/
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Calgary New Home Prices Post Largest Increase Since 2007- \ O, g2 y+ F8 M+ b8 c3 A9 c
/ F4 [- }" V0 \( K2 zCalgary 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.5 m, g5 l& {! s4 f9 n6 ?& q
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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., Y$ y: _7 b/ A
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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 J# b( E# j4 k R4 ?/ t' q
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