January 14, 2014 / 2:08 PM / in 4 years

Canadian home prices edge higher in December:Teranet

TORONTO (Reuters) - Canadian home prices edged up in December, reversing the loss seen the month before and returning the index to its all-time high, the Teranet-National Bank Composite House Price Index showed on Tuesday.

A builder works on the the roof of a new home under construction in the Montreal suburb of Brossard, August 10, 2010. REUTERS/Shaun Best

The index, which measures price changes for repeat sales of single-family homes, showed national prices rose 0.1 percent last month from November.

Prices were up 3.8 percent from a year ago, an acceleration from November’s 3.4 percent price gain.

Reporting by Andrea Hopkins Editing by W Simon

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