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http://calgaryrealestatereview.com/
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# y+ \* F2 u5 _Calgary 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.
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& Z! V/ s' q0 ]6 N, _, c6 qYear-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.4 y3 h3 b8 @- ?' f1 o! y- U4 x
1 g- U$ g$ W ABetween 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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