Calgary home prices higher than a year ago yyc yychomes
That’s the finding of a recent study showing home prices have fallen in most major cities in Canada in the last year with many benchmarks now on par with levels seen about two years ago.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
In contrast, the benchmark price in Canada, according to the Canadian Real Estate Association, was down nearly 18 per cent in January from March 2022 when the price peaked at about $868,000.Article content In the Greater Toronto Area, for example, the benchmark price in January was $1,078,000. The last time the benchmark price had been that low was in September 2021 when the price was $1,065,300, the study found.
The report further noted prices declined the most in Ontario’s major markets, while the Prairies — Alberta included — have declined the least.
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