House Price Index (HPI): September 2012

September prices were down from the month prior in 6 of the 11 metropolitan markets surveyed in Teranet’s House Price Index, but Calgary was not one of them.

In fact, Calgary tied for the highest month-over-month increase with Halifax  (+0.5%), followed by Winnipeg (+0.4%),  Hamilton (+0.3%) and Toronto (+0.1%)  Year-over-year, Calgary prices were up +2.2% which lagged the national average 0f 3.6%.

The largest m/m decreases were recorded in Victoria (−1.3%) and Vancouver (−1.2%).

Nationally, this year’s September decline of -0.4% from August was only the 3rd September drop in 13 years of data. The other two were in 2008, as Canada was entering recession, and during the correction of 2010.

Source: http://www.housepriceindex.ca (click to enlarge image)

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