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Overbuilding drags down Calgary house prices CMHC report

Monday, November 12, 2018Norm Rousseauposted in CMHC

Calgary house prices are sliding and a new report from the Canada Mortgage and Housing Corporation indicates that trend could continue.

Amanda Stephenson, Calgary Herald Updated: October 25, 2018

Chart price changes and the symbolic house. Financial conceptCalgary house prices are sliding and a new report from the Canada Mortgage and Housing Corp. indicates that trend could continue.

In its quarterly Housing Market Assessment, released Thursday, the CMHC said Calgary’s housing market indicates a “moderate” degree of vulnerability as a result of overbuilding. Calgary is still a buyer’s market, with the inventory of unsold new homes outpacing demand.

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