Calgary house prices were down from the previous month and (more notably) from the previous year according to October’s Teranet House Price Index released today.
For the third consecutive month Calgary house prices declined. Between September and October, prices were down 1.0%. Year-over-year, prices were down slightly: -0.2%. It was the only city tracked by the index to register an annual decline.
Canada-wide prices were down 0.4% from the previous month but were still up 6.0% from last October. The 6% was the 4th consecutive month of deceleration, leaving the 12-month rise the smallest since the beginning of the year.