Calgary home prices continued to descend slowly into the spring month of March. According to Teranet’s House Price Index released today, March marked the 3rd consecutive month-over-month decline, down 0.3% from February. Year-over-year, Calgary home prices were up 2.7%. Year-to-date, Calgary house prices were down 1.17%.
Canadian home prices in March were up 11.6% from a year earlier, and up 0.3% from February.
The largest MoM gain was in Halifax, recording a 1.4% increase. The largest YoY gain was in Toronto, up a staggering 15.5%, closely followed by Vancouver with a 14.4% increase.
Source: www.housepriceindex.ca
