It was the fourth-smallest April advance in 20 years, after those of 2009, 2013 and 2015: Teranet and National

Mario ToneguzziThe price of repeat home sales in Calgary was flat in April compared with the previous month but increased slightly by 0.15 per cent year over year, according to the Teranet and National Bank of Canada House Price Index.

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 index indicated that prices in Calgary are down 4.34 per cent from the peak in October 2014.

The report said the index rose by 0.24 per cent month over month across the country.

“In the 20-year history of the index it was the fourth-smallest April advance, after those of 2009 (a recession year), 2013 and 2015,” said the report.

For Calgary, it was a fifth consecutive month without a gain.

Year over year nationally, the index rose by 5.62 per cent – the smallest 12-month rise since September 2015 and a 10th consecutive deceleration from last June’s record 12-month gain of 14.2 per cent.

Prices at the national level were 1.6 per cent off the peak of August 2017.

Respected business writer Mario Toneguzzi is a veteran Calgary-based journalist who worked for 35 years for the Calgary Herald in various capacities, including 12 years as a senior business writer.

The views, opinions and positions expressed by columnists and contributors are the author’s alone. They do not inherently or expressly reflect the views, opinions and/or positions of our publication.

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