Increase of 2.3% in July from June

BY MARIO TONEGUZZI, CALGARY HERALD SEPTEMBER 28, 20

CALGARY — A survey of repeat home sales shows Calgary prices increased in July by 2.3 per cent from the previous month.

But the Teranet-National Bank House Price Index, released Wednesday, also indicated Calgary prices are down 0.9 per cent from a year ago — the only centre in the survey to experience a year-over-year price decline.

The 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.

The survey also said Calgary’s index is still down 8.8 per cent from its all-time high of August 2007 and down 0.9 per cent from its pre-correction peak of August 2010.

For the six centres surveyed, the index was up 1.3 per cent on a monthly basis and 5.3 per cent on an annual basis.

Halifax suffered a 0.9 per cent decline from the previous month. Monthly increases were experienced in Montreal, 0.5 per cent, Ottawa, 1.0 per cent, Toronto, 1.7 per cent, and Vancouver, 0.9 per cent.

Annual increases were experienced in Halifax, 3.3 per cent, Montreal, 6.0 per cent, Ottawa, 4.1 per cent, Toronto, 4.8 per cent, and Vancouver, 8.5 per cent.