Canadian home prices rise in August, up 11.4 pct on year

Wed Sep 14, 2016 8:30am EDT
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OTTAWA, Sept 14 (Reuters) - Canadian home prices climbed in August, led by gains in the two hottest markets, Vancouver and Toronto, where prices have more than doubled in just over 11 years, a home price index showed on Wednesday.

Prices rose 1.5 percent last month from July, according to the Teranet-National Bank Composite House Price Index, and were up 11.4 percent from a year earlier. The index measures price changes for repeat sales of single-family homes. (Reporting by Andrea Hopkins; Editing by Chizu Nomiyama)