Calgary Construction XXVI

[suburbia]

Originally Posted by Tobyoby

House prices expected to decline in Calgary this year.

https://www.cbc.ca/news/canada/calgary/c...hanges-2018-zoocasa-oversupply-1.4998458

Single detached homes expected to take the largest decrease.

2.27 per cent in the apartment sector.
2.49 per cent in the attached home sector.
2.33 per cent in the detached home sector.

General declines are not unexpected IMHO, however, wanted to point out that 2.33 is < 2.49, so in the data you've pulled out, looks like duplexes go down the most and not single detached homes. Glad the decreases look to be decreasing overall, when comparing 2018 actuals to 2019 forecasts.

Looking at the graphics, the variation for 2018 really depended on which of the eight CREB regions of the city. For example, with duplexes, region #1 lost on average $41,378 per unit, whereas region #8 had an increase of $8,096 per unit. The change in price percentage spread between those two was 8%, which is huge relative to the overall drop in prices.