Calgary home prices rose for the 9th consecutive month and led the nation in annual price growth in September according to the Teranet-National Bank House Price Index released today. The index is estimated by tracking sale prices of dwellings that have been sold at least twice.
Calgary prices climbed 1.1% between August and September and increased 9.5% year-over-year. Both the monthly and annual price gains were the highest across Canada.
The composite 11 index has been up year-over-year for 60 months now, since September 2009. Toronto is the only market in the index to match that run. On a monthly basis, it was the 10th month in a row in which the national composite index did not fall, a feat matched only by Edmonton. (Calgary is at 9 straight months)