A Comparison of Calgary House Prices to the US Real Estate Market February 27, 2008Posted by DustinRJay in Calgary real estate, US real estate.
Tags: Calgary real estate market, US real estate market
A couple of conclusions can be reached by examining Calgary real estate prices to the US real estate market:
The Calgary real estate boom occurred 1 to 2 years after the US boom
Calgary house prices have increased by more than most American cities
The precipitous drop in Calgary real estate in late 2007 is comparable to some of the most overheated markets in the US
American cities that had ‘sharp’ appreciation are now experiencing ‘sharp’ depreciation
A graph of Calgary and American real estate prices is below: