Calgary prices showed the greatest gain of all the cities tracked between April and May according to Teranet’s Housing Price Index released today.
Prices were up 2.0% in Calgary followed by Edmonton and Toronto at 1.4% . For the two Alberta markets it was the 2nd consecutive strong monthly gain after 7 months of decline.
Year-over-year, Calgary prices were up 3.4%.
Canadian home prices up 1.1% from the previous month and reached a new historical high for a second month in a row. For the first time in 11 months, none of the 11 metropolitan markets surveyed showed a monthly price decline in May. The composite index in May was up 5.8% from a year earlier.