The prices in real estate in Calgary, in the Alberta region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Calgary has increased strongly during the last 6 months. In October, the average price per sq.feet was $1,256. In the following month the price per sq.feet increased considerably to $25,453. The price for the following two months in (December, January) had a considerable increment of 500 %. The price per sq.feet has had a considerable deflation of 5 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $40,089.25 to $2,042.5 during February, and March.
Based upon to the price in Calgary (cities), this has fallen considerably in the last 6 months. The average price for October is $529,811. During November the price had a slight fall till $487,759. In the following two months the average price has remained the same with regard to the previous two months from $508,785 to $526,127.5. During the last two months the average price has had a strong fall compared to the previous four going from $517,456.25 to $279,022, which means a 54 % fall.