October 15, 2014 / 1:02 PM / 3 years ago

Canadian home prices rise in September - Teranet

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TORONTO, Oct 15 (Reuters) - Canadian home prices rose in September and the pace of 12-month home price appreciation accelerated, 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 national home prices rose 0.3 percent last month, exceeding the historical average for September.

Prices were up 5.4 percent from a year earlier, a pickup from August's 5.0 percent price gain. (Reporting by Andrea Hopkins, Editing by Franklin Paul)

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