OTTAWA (Reuters) - Canadian home prices rose in August from July but seasonal patterns masked some underlying weakness, data showed on Wednesday.
The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices increased 0.2 percent on a monthly basis.
After seasonal adjustment, the index was virtually flat following declines in June and July, Teranet said.
The 1.4 percent year-over-year gain for the index was the smallest since November 2009, Teranet said.
Reporting by Fergal Smith; Editing by Bernadette Baum