Calgary home prices fall 1.6% but market remains 'more buoyant' than expected: Royal LePage - News Summed Up

Calgary home prices fall 1.6% but market remains 'more buoyant' than expected: Royal LePage


Calgary house prices declined slightly this summer while condos dropped more sharply in value, according to a report released Thursday by Royal LePage. Looking at different housing types, the median price of a two-storey home fell 1.1 per cent to $502,213. Home prices soar elsewhere in CanadaThe real estate picture was quite different nationally, with the aggregate house price rising by 12 per cent to $545,414. The national gains were driven largely by a 30.6 per cent increase in Greater Vancouver aggregate house prices and a 13.6 per cent increase in the Greater Toronto Area. All this information comes from the Royal LePage House Price Survey, a quarterly measure of the three most common types of housing in Canada's 53 largest real estate markets.


Source: CBC News October 13, 2016 14:15 UTC



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