Calgary home prices were down from the previous month for the second time in three months, this time falling -0.9% in December. It was the largest month-over-month decline since November 2011 when prices declined -1.6%.
Even with the monthly decline, Calgary prices were still up 4.1% from a year earlier which exceeded the national average of 3.1%.
Before October (-0.2%) and December (-0.9%), the last time prices were down month-over-month in Calgary was back in March.
Here’s how the m/m percentage change for Calgary has looked over the last couple years:
Below are some other city streaks:
- For Montreal (−0.3%) and Ottawa-Gatineau (−0.1%) it was the fourth straight monthly decline.
- For Halifax (−0.7%), Winnipeg (-0.7%) and Toronto (−0.3%) it was the third.
- For Edmonton (−0.1%) it was the third in fourth months
- For Vancouver (-1.0%) the fifth in six months
- Prices were up 1.7% on the month in Quebec City, ending a run of four monthly declines, and
- Prices were up 0.9% in Victoria. The monthly gain in Victoria followed four straight months of retreat