Calgary Repeat Home Sale Prices Rise For 9th Consecutive Month

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)

Calgary Index

Source: housepriceindex.ca

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