December 19, 2012 / 2:13 PM / 5 years ago

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

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.

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