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May 3, 2010

Calgary the only major Canadian CMA still below peak housing price levels: report

CALGARY - Calgary is the only Canadian major metropolitan area where house prices remain below their peak level, according to a report released today by Teranet-National Bank.

The report, which measures prices of all dwellings sold at least twice, said Calgary is still 10 per cent down from its peak in August 2007.

In February, Calgary prices declined by 0.4 per cent from the previous month but were up 2.2 per cent from year ago levels, according to the Teranet-National Bank House Price Index.

It was the second consecutive month of a retreat in Calgary house prices.

Click HERE for the complete article.

 

 


BREAKING NEWS

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July 28, 2010
Those looking for signs of a double-dip recession will likely have trouble finding them in the coming week, analysts say.
July 21, 2010

OTTAWA – The Bank of Canada today announced that it is raising its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cent.

July 7, 2010
Calgary house prices remained strong in the second quarter compared to the same period in 2009, but they are expected to decrease slightly over the remainder of the year, according to the Royal LePage House Price Survey released today.
June 30, 2010
Despite worries about the rise of household debt in Canada, a CIBC World Markets report says the rate of growth has recently slowed down.

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