Canadian house prices rise 0.4 percent in March from February: Teranet

Wed Apr 17, 2013 9:03am EDT
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TORONTO (Reuters) - Canadian home prices rose in March from February, ending a six-month string of declines, as spring home buyers breathed some life back into Canada's cooling housing market, 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 overall prices rose 0.4 percent in March from a month earlier. The index was up 2.6 percent from a year earlier, the smallest 12-month gain since November 2009.

(Reporting by Andrea Hopkins; Editing by Jeffrey Hodgson)

Sale signs line homes surrounded by slag heaps in Thetford Mines, Quebec, February 12, 2012. REUTERS/Christinne Muschi