After 4 consecutive months of decline, Calgary showed a slight increase in December according to the Teranet-National Bank House Price Index released today.
Calgary prices were up 0.1% from the previous month but were down 2.9% from December 2009. Like the previous release, Calgary was the only market to see a decline in house prices on an annual basis.
Canadian home prices in December were up 0.3% from the previous month. The advance followed three consecutive monthly declines. The 12-month gain in the composite index slowed in December to 4.1%. It was the sixth month in a row of deceleration.
Source: www.housepriceindex.ca (click to enlarge)
All indices have a base value of 100 in June 2005. For example, an index value of 130 means that home prices have increased 30% since June 2005.
