Calgary Home Prices Rebound In June

Calgary home prices bounced back in June following a record drop the previous month according to the Teranet–National Bank House Price Index released today.

Prices fell -3.3% in May, the largest monthly drop recorded for the region and for the first time since July 2011, were lower than the year before.

Most of those losses were erased in June as Calgary house prices rebounded 2.5% month-over-month and eked out a 0.2% year-over-year gain.   Prices are now off -2.7% from the October 2014 peak.

The Teranet–National Bank House Price Index™ is estimated by tracking observed or registered home prices over time using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation of the index. This is known as the repeat sales method.

Year-over-year percent change

Year-over-year percent change

Month over month percent changes

Month-over-month percent changes

Calgary House Price Index

Calgary House Price Index

Please feel free to post your comment or question

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s