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Burninator · 05-28-2009, 08:37 AM

Calgary home prices' decline steepest in Canada, says report

CALGARY - Calgary home prices have seen the steepest decline in the country from peak levels, according to a new housing report released today.

The Teranet-National Bank House Price Index said house prices in the Calgary metropolitan area have fallen by 12.7 per cent from their peak in August 2007.

“Calgary has shown monthly declines in 16 of the 19 months posted (since the peak), including every month from last July through March.”

Nationally, home prices have dropped by 8.5 per cent from their peak in August 2008.

http://www.calgaryherald.com/busines...511/story.html

05-28-2009, 08:37 AM	#641
Burninator Franchise Player Join Date: Dec 2003 Exp:	Calgary home prices' decline steepest in Canada, says report CALGARY - Calgary home prices have seen the steepest decline in the country from peak levels, according to a new housing report released today. The Teranet-National Bank House Price Index said house prices in the Calgary metropolitan area have fallen by 12.7 per cent from their peak in August 2007. “Calgary has shown monthly declines in 16 of the 19 months posted (since the peak), including every month from last July through March.” Nationally, home prices have dropped by 8.5 per cent from their peak in August 2008. http://www.calgaryherald.com/busines...511/story.html