June 12, 2015 / 12:33 PM / 2 years ago

Canadian home prices rise in May, pace of growth increases

TORONTO, June 12 (Reuters) - Canadian home prices rose in May from a month and year earlier, and the pace of the gains was higher than in April, the Teranet-National Bank Composite House Price Index showed on Friday.

The index, which measures price changes for repeat sales of single-family homes, showed national home prices rose 0.9 percent last month from April. Prices were up 4.6 percent from a year earlier. (Reporting by Jeffrey Hodgson; Editing by Bernadette Baum)

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