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A Comparison of Calgary House Prices to the US Real Estate Market February 27, 2008

Posted by DustinRJay in Calgary real estate, US real estate.
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30 comments

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:

A Comparison of Calgary House Prices to the US Real Estate Market