Calgary average home prices have plunged by close to $28,000

A report released Friday by online real estate platform Zoocasa says average home prices in Calgary have plunged by $27,960, or six per cent, between April and February.

The monetary value was the sixth highest in Canada as the company compared average home prices across 20 major markets in the country to get a snapshot of how the COVID-19 crisis has affected the real estate market.

Here are the top five markets in Canada with the biggest plunge in value showing the average home price in April and the percentage decline:

1. Greater Toronto, $821,392, – 10 per cent, -$88,898;

2. Ottawa, $475,487, – 5 per cent, – $34,652;

3. Hamilton-Burlington, $614,412, -6 per cent, – $32,255;

4. Niagara Region, $457,026, -6 per cent, -$31,467;

5. Windsor-Essex, $345,771, -8 per cent, -$30,661.

The report listed Edmonton 14th overall with an average price of $355,740 which has dropped by $1,101.