Calgary home prices declined for a third consecutive month in January according to the Teranet–National Bank House Price Index™ which tracks repeat sales.
Prices were down -0.7% month-over-month in January, adding to a -1.1% drop in December and a -0.2% dip in November. That brings Calgary’s index back to July/August 2014 levels. The last 3-month slide was between December 2012 to February 2013.
Even with the recent cumulative decline of -1.9%, Calgary repeat home sale prices were up a strong 7.1% year-over-year.