The Teranet–National Bank National Composite House Price Index™ rose to an all-time high in July, as did the indexes of four of the 11 metropolitan markets covered by the composite index: Hamilton, Toronto, Ottawa-Gatineau and Quebec City.
In Calgary, prices increased 0.5% from June and were up 5.9% from the previous July.
Calgary’s index now sits at 170.12. It peaked back in September 2007 at 174.00.
May, June and July are generally the months in which upward pressure on home prices is strongest. In 15 years of index data collection, the national composite index has not declined in any of these three months
Prices were down from a year earlier for a fifth straight month in Victoria (−4.0%) and for a 12th straight month in Vancouver (−2.0%).