City | Peak Month | Peak Price | Current Price | Decline from Peak |
Vancouver | Feb 2012 | $1,235,244 (REBGV average via yattermatters.com)* |
$1,041,325 (July 2012) |
15.7% – $194,000 |
Victoria | June 2010 | $649,280 (VREB average) |
$580,557 (July 2012) |
7.0% – $45,100 § |
Edmonton | May 2007 | $424,572 (EREB average) |
$384,417 (July 2012) |
9.5% – $40,200 |
Calgary | June 2007 | $464,500** (CREB benchmark) |
$419,800 (July 2012) |
9.6% – $44,800 |
Halifax | April-June 2011 | $262,452 (NSAR average) |
$254,504 (July-Sept 2011) |
3.0% – $8,000 |
Ottawa | April 2012 | $385,660 (OREB average) |
$358,018 (July 2012) |
2.5% – $9,600 § |
Montreal | June 2012 | $280,000 (GMREB median) |
$280,000 (June 2012) |
0% |
Kitchner-Waterloo | April 2012 | $288,000 (KWAR K-W median) |
$280,100 (July 2012) |
2.7% – $7,900 |