Calgary lagged Canada in home price increases for June: Report


By Mario Toneguzzi, Calgary HeraldAugust 25, 2010


A new report says in June Calgary prices rose by 0.2 per cent on a monthly basis, behind Ottawa, Toronto, Montreal, Halifax, and Vancouver.

A new report says in June Calgary prices rose by 0.2 per cent on a monthly basis, behind Ottawa, Toronto, Montreal, Halifax, and Vancouver.
Photograph by: Herald Archive, Reuters, Calgary Herald

CALGARY - Calgary lagged behind other major Canadian centres in the growth in the average price of home sales in June, according to the Teranet-National Bank Composite House Price Index.

The index is estimated by tracking observed or registered home prices over time using data collected from public land registries and all dwellings that have been sold at least twice are considered in the calculation of the index.

The report, released today, said in June Calgary prices rose by 0.2 per cent on a monthly basis behind Ottawa (2.7 per cent), Toronto (2.4 per cent), Montreal (1.4 per cent), Halifax (1.3 per cent) and Vancouver (0.8 per cent). The national average was 1.5 per cent, the 14th consecutive month of increases.

On a year-over-year basis, the national average was 13.6 per cent growth led by Vancouver at 16.3 per cent and followed by Toronto (16.2 per cent), Ottawa (12.0 per cent), Montreal (8.7 per cent), Calgary (8.3 per cent) and Halifax (7.1 per cent).