Prices for homes in Calgary that have been sold at least twice continued their slippery slide downward.
New figures released Monday by The Teranet-National Bank National Composite House Price Index show that residential home prices in our city dropped 1.2% from October to November of this year, and by 2% from November 2014 and 2.2% from October 2014.
This price index, just one of the various sales barometers in the industry, is determined by keeping track of observed or registered residential prices over a set period of time using information garnered from public land records and registries. Any dwelling or residential property that has been sold twice at minimum is considered when this index is calculated.
Last month, data was collected…
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