Calgary house prices showed the greatest increase of all the cities tracked between May & June according to Teranet’s House Price Index report released today.
Between May & June, Calgary’s index rose 1.7%. Year-over-year, prices were up 3.4%.
For Calgary & Edmonton it was the third consecutive strong monthly gain after seven months of decline.
The June increase takes the index to a new high for the third month in a row. June was also the second consecutive month in which none of the 11 metropolitan markets surveyed showed a price decline from the month before.
The index is now at an all-time high in 8 of the 11 markets surveyed, the exceptions being Victoria, Calgary and Edmonton.
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.