Data Down 3.5% from a year ago in February
By Mario Toneguzzi, Calgary Herald
CALGARY — Calgary was the only major market to show a decline in year-over-year prices in a survey of homes sold more than once by the Teranet-National Bank National Composite House Index.
The index, which looks at six metropolitan areas in the country, is estimated using data collected from public land registries. All dwellings that have been sold at least twice are considered in the calculation.
In February, Calgary prices declined 3.5 per cent from a year ago.
On a year-over-year basis, prices were up 7.6 per cent in Halifax, 6.9 per cent in Montreal and Ottawa, 4.8 per cent in Vancouver and 3.4 per cent in Toronto.
On a monthly basis, prices dropped 0.5 per cent in Calgary, the fifth decline in the last six months.
Prices increased 0.3 per cent in Vancouver and 0.5 per cent in Montreal and Ottawa. They also declined on a monthly basis in Toronto by 0.1 per cent and in Halifax by 0.4 per cent.