Calgary Repeat Home Sale Prices Near Peak Level Again

Calgary repeat home sale prices inched up in September and were nearly back at peak level according to the Teranet-National Bank House Price Index report released today.

Prices increased for the second straight month in September, up 0.7% from August.   Year-over-year, prices eked out a 0.3% gain.

Calgary’s index topped out last October and then fell -5% by May before clawing back up in later months. By September, prices were only -0.2% off peak.

Of note was the Vancouver index which was the first to top 200, meaning that prices in that market  were more than twice as high as in June 2005.

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 and including properties that have sold at least twice.

All indices have a base value of 100 in June 2005

Calgary's index was up a slight 0.3% y/y in September

Calgary’s index was up a slight 0.3% y/y in September

Calgary's index nearly back at peak

Calgary’s index nearly back at peak

One response to “Calgary Repeat Home Sale Prices Near Peak Level Again

  1. what is repeat mean here?


    Teranet’s index is calculated using homes that have sold at least twice. New homes are not included.
    -Mike Fotiou

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