A Comparison of Calgary House Prices to the US Real Estate Market
November 17th, 2009
A couple of conclusions can be reached by examining Calgary real estate prices to the US real estate market:
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The Calgary real estate boom occurred 1 to 2 years after the US boom
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Calgary house prices have increased by more than most American cities
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The precipitous drop in Calgary real estate in late 2007 is comparable to some of the most overheated markets in the US
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American cities that had ’sharp’ appreciation are now experiencing ’sharp’ depreciation
A graph of Calgary and American real estate prices is below:
Categories: Real Estate