Calgary Repeat Home Sale Prices Post Largest Monthly Drop Since 2013

Calgary’s nation leading annual increase of 8.3% year-over-year in December belies what’s been happening over the near-term.

“While the cities of Calgary and Edmonton closed out 2014 with solid year-over-year gains, the recent plunge in oil prices is likely to temper housing activity in these markets this year,” writes TD Economics.

Month-over-month, Calgary repeat home sale prices fell -1.1%.  Monthly declines during the winter months aren’t alarming in themselves as Teranet’s index is not seasonally adjusted.  However, the one percent drop is Calgary’s largest monthly backslide since February 2013 and the second straight decline.

Month-over-Month Percent Changes

Month-over-Month Percent Changes

2 responses to “Calgary Repeat Home Sale Prices Post Largest Monthly Drop Since 2013

  1. Alberta is a one support province..OIL ..In the early eighties .Oil lost its value .So too did real estate..They could not give houses away..I know .was there and .worked on construction ..everything collapsed ..I came back to Ontario where it is a more versatile work environment and totally dependent on ONE support.

  2. How do you suppose CREB will spin this at the end of the month?

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