Canadian house prices fall 0.4 pct in November from Oct -Teranet

Wed Dec 19, 2012 9:11am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO Dec 19 (Reuters) - Canadian home prices dipped in November from October while year-over-year price gains slowed for the 12th straight month as Canada's housing market continued to cool, the Teranet-National Bank Composite House Price Index showed on Wednesday.

The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.4 percent in November from a month earlier. The index was up 3.3 percent from a year earlier, the 12th consecutive month of deceleration in 12-month inflation.