Calgary house prices stabilize

CALGARY — Sale prices for Calgary homes which have sold more than once remained stable in August, according to a report by the Teranet-National Bank National Composite House Price Index.

The index indicated prices in Calgary were up 0.7 per cent from July and up 0.8 per cent from August 2010.

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 Calgary appreciation broke a nine-month run of 12-month deflation,” said the index, which was released on Wednesday.

Across the country in 11 metropolitan markets, the index rose by 0.9 per cent on a monthly basis and by 5.4 per cent year-over-year.

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Julie Vesuwalla

Julie Vesuwalla

CENTURY 21 Bamber Realty Ltd.
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