2017 was a whirlwind of excitement. Definitely a year much better than 2016. What’s Happened? 2015 and 2016 saw property values in the Calgary region drop on the average. However, each segment dropped more than others. The drop was mainly due to a significant decrease in demand. In the 2008-2009 drop we saw demand significantly drop, yet supply remained fairly constant. Thus by basic supply and demand, values dropped significantly. This time supply dropped at the same time demand dropped. This again is broken down a bit more (benchmark): Detached Dwellings: $505,345 or up 0.67% Apartment Units: $264,000 or down 4% Attached Dwellings: ...