Canadian home prices were down 0.2% in February from the previous month according to the Teranet–National Bank National Composite House Price Index™ released today. It was the 3rd decline in 4 months.
Prices were down from the month before in 6 of the 11 metropolitan markets surveyed, including all 4 in Alberta and British Columbia.
Calgary prices were down -0.6% from January, making it the second straight month in decline. Year-over-year, prices were up +1.3%