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