Canadian home prices rise 1.2 pct in April from March

Thu May 12, 2016 8:30am EDT
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TORONTO May 12 (Reuters) - Canadian home prices rose in April from a month earlier, and were well up from the year before, the Teranet-National Bank Composite House Price Index showed on Thursday.

The index, which measures price changes for repeat sales of single-family homes, showed national home prices rose 1.2 percent last month from March. Prices were up 8.1 percent from a year earlier. (Reporting by Jeffrey Hodgson; Editing by Chizu Nomiyama)