Calgary repeat sale prices fell in October marking the first monthly decline since March. According to Teranet-National Bank House Price Index released today, Calgary prices were down -0.2% between September and October. Year-over-year, Calgary was up 3.5%.
Is this the start of a trend? Has Calgary finally lost its immunity? It’s much too early to tell because of one month’s data. In recent years between September and October, Calgary’s HPI also fell in: 2007, 2008, 2010 & 2011.
Across Canada, the only cities with a m/m increase were:
- Edmonton (0.3%)
- Hamilton (0.4%), and would you believe:
- Vancouver (0.1%)
Halifax and Hamilton had the largest y/y increases at 8.9% and 7.2% respectively.