October 15, 2013 / 1:07 PM / 5 years ago

Canadian home prices flat in September: Teranet

The sun begins to rise behind the southwest guard tower on the Kingston Penitentiary in Kingston, Ontario October 11, 2013. REUTERS/Fred Thornhill

TORONTO (Reuters) - Canadian home prices were unchanged in September after hitting a record high the month before, suggesting the housing market is cooling, 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 overall prices were flat last month from August. House prices normally average a gain of 0.2 percent in September, according to Teranet.

Still, the index was up 2.7 percent on an annual basis due to a decline in prices in September 2012.

Reporting by Leah Schnurr; Editing by Jeffrey Hodgson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below