Calgary News, Events & Local Insights about Calgary - Blog Archive: December, 2022

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Aerial of a suburban neighborhood.

TDKvisuals // Shutterstock

Written by: Dom DiFurio

North American markets have been rocked by several economic swings in recent years, not least of which include fluctuating housing market. In the wake of record-breaking home sale prices, an emerging housing correction now threatens to knock tens of thousands from home values across the U.S. and Canada.

Calgary.com compiled data on average home sale prices from the Canadian Real Estate Association and Redfin to understand how the slowing housing market is playing out across North America, examining housing data for the five biggest metros in the U.S. and Canada. Values for Canadian home prices are in Canadian dollars; U.S. home prices are in U.S. dollars.

At the start of this year, the U.S.…

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