Are House Prices Going Down In Calgary

Are House Prices Going Down In Calgary

Are House Prices Going Down In Calgary due to economy or oil prices? Calgary in Alberta is the only city in Canada to register a year over-year house price decline in a national survey of repeat home sales in 6 major centres.

The Teranet-National Bank House Price Index, released Wednesday, indicated Calgary prices in June fell by 2.7 per cent compared with June 2010. However, on a monthly basis, Calgary prices rose 1.6 per cent from May.

” Are house prices going down In Calgary?  Calgary is still recouperating from the Canadian recession of 2008″ says Navtaj Chandhoke, founder of World Wealth Builders, a leading Canadian Real Estate investor training, mentoring center serving Canadian Real Estate investors coast to coast since 1993

“The Calgary index is still 10.9 per cent off the all-time high of August 2007 and 3.1 per cent off the pre-correction peak of August 2010,” said the report.Continue reading