How Do Calgary's Declining Home Prices Stack Up With Other Major Cities in Canada?
As you might’ve already heard, home prices in Calgary have been dropping—a trend that’s become all too familiar. But just how does Calgary’s home price data compare to other Canadian cities?
According to data from the Teranet–National Bank National Composite House Price Index, Calgary’s home prices saw the most rapid decline back in February in terms of year-over-year prices, and it was also the eighth consecutive month in which there wasn’t at least a small increase.
Of all 11 metro areas the report tracked, nearly every city also saw a month-to-month decline, but just Calgary, Edmonton, and Vancouver registered a year-over-year drop in housing prices.