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