January 14, 2014 / 2:03 PM / in 4 years

Canadian home prices edge higher in December -Teranet

TORONTO, Jan 14 (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.

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.

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