(Calgary SFH Inventory data also below)
Canadian home prices in February edged up 0.1% from the previous month, according to the Teranet–National Bank National Composite House Price Index™. It was the third consecutive monthly rise, following on three consecutive monthly declines. Year-over-year, prices were up 3.8%.
Calgary prices were down 3.4% from a year earlier, for a fifth consecutive month of 12-month deflation. Calgary is the only city tracked by the Index that is showing annual declines. It was also the city to record the largest month-over-month drop: -0.5%.
(click to enlarge) Source: housepriceindex.ca
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Calgary Single Family Housing Inventory
A quick look at SFH inventory in Calgary shows us that while it’s following 2010′s trend of increasing during the spring months, it’s not increasing nearly as swiftly.
As of April 26th, inventory is down over 11% year-over-year.
SFH Inventory (click to enlarge)
The amount of new listings coming on the market is averaging between 2009-2010′s levels.
(click to enlarge) New Listings
Between April 1-20, 2011 there were 1567 new listings added compared to 2023 during the same time period last year – a 22% drop.
