Prices for repeat home prices in Calgary were flat in April – the fifth consecutive month without a gain, according to the Teranet-National Bank House Price Index.
The index, released on Wednesday, showed that prices on a year-over-year basis were up by 0.15 per cent.
However, the index said prices in Calgary remain down 4.34 per cent from the peak in October 2014.
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.
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.
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