The MLS® Housing Price Index (HPI) is coming to Calgary in February, as part of a nationwide rollout involving boards in Canada’s largest cities.
CREB® has been working with CREA and other boards and associations across Canada to develop the MLS® HPI.
The MLS® HPI allow housing price trends to be tracked over time within local communities and national markets for different property types including:
- one-storey single-family homes
- two-storey single-family homes
- townhouse/row units
- apartment units
As you know, the average price in a market can vary widely from month to month, depending on volume shifts in various price segments. Reporting the average price can sometimes falsely exaggerate trends, causing a lot of confusion. This new monthly…