House Price Index (HPI): July 2011

Calgary’s price increase month-over-month was the highest of the Canadian cities surveyed in July according to Teranet–National Bank House Price Index™ released today.

Between June and July, Calgary prices increased 2.3%.  Prices were still down 0.9% from a year earlier, for a 10th consecutive month of 12-month deflation and making it the only city surveyed with an annual loss.  The Calgary index is down 8.8% from its all-time high of August 2007 and down 0.9% from its pre-correction peak of August 2010.

Canadian home prices in July were up 1.3% from the previous month and up 5.3% from July 2010.  This rise took the index to a new high of 146.51 (June 2005 = 100). It was the 4th consecutive monthly increase exceeding 1%, and the 8th consecutive monthly increase after 3 straight monthly declines. In contrast to the 3 previous months, however, not all of the 6 metropolitan markets surveyed showed a gain.

One response to “House Price Index (HPI): July 2011

  1. Betty Anne Tarini

    I’m pretty sure many will find the information you gave above really helpful. Have shared it on my Digg account..hope you don’t mind.. anyway, I love your blog!

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