Calgary Home Prices Increase in 2013
The year-over-year increase in Calgary home prices for December topped the rest of the nation, according to the latest Teranet-National Bank National Composite House Price Index.
The data revealed a 6.5% increase in annual Calgary price home sales, compared to the national composite of 3.8%, as Canada returns to a record high level.
The index is derived by taking track of registered or observed home prices over a period of time using data from public land registries. All homes sold at least twice are included in the calculation.
The year-over-year increases in cities covered by the indices are as follows: Vancouver, 5.5%; Toronto, 4.9%; Hamilton, 3.7%; Edmonton, 3.6%; Winnipeg, 3.4%; Quebec City, 1.5%;…