Calgary home prices rebounded in March after posting declines for three straight months.
Calgary prices rose 1.3% between February & March – the largest increase of all the cities tracked by the Teranet–National Bank National Composite House Price Index™. Edmonton recorded the second largest monthly gain at 1%.
Year-over-year prices were up 5.7%, second only to Quebec’s 5.9% annual increase.
Canada-wide, the March composite index was up 0.4% from February, ending a run of six straight monthly declines. Prices were up from the month before in nine of the 11 markets
The only 2 markets to show a monthly decrease were Hamilton and Victoria. For Victoria it was the largest monthly decline in the entire period of almost 23 years over which the Teranet–National Bank index has been calculated for that city.
BC’s Victoria and Vancouver were the only 2 markets showing an annual decrease in prices. For Vancouver it was the eighth month of 12-month deflation.