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Persian / Iranian / Farsi Realtor - Calgary

20150528-FrontPage

Effect of Oil Price on Calgary Real Estate Prices

Time

Oil Price Change

Real Estate Price Change

Feb 1986 - Dec 1986

(10 months)

49% drop

8% increase

Aug 1991 - Jan 1992

(5 months)

29% drop

2% decrease

Sep 1997 - Feb 1999

(17 months)

27% drop

7% increase

Jun 2001 - Mar 2002

(9 months)

27% drop

7% increase

Nov 2008 - Sep 2009

(10 months)

50% drop

7% decrease

Dec 2014- Current

(4months)

50% drop

7% decrease

Source: CIR Realty

For up to date Calgary statistics go to Market Watch page