House Price Index (HPI): December 2011

Calgary prices rose in December ending a run of three monthly declines according Teranet-National Bank National Composite House Price Index released today.

Calgary’s index was up +0.7% between November and December. Of the cities tracked, it was the second highest m/m increase following Halifax’s gain of 0.9%. Year-over-year, Calgary house prices were up 0.9%

From Teranet:

For a second consecutive month, Canadian home prices in December were down 0.2% from the previous month, according to the Teranet-National Bank National Composite House Price Index™. The two monthly retreats follow two months in which prices had been flat from the month before. December prices were down in five of the 11 metropolitan markets surveyed

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