August 12, 2016 / 12:32 PM / a year ago

Canadian home prices rise 2.0 pct in July-Teranet

OTTAWA, Aug 12 (Reuters) - Canadian home prices rose in July from a month earlier, driven by gains in major cities in Ontario and British Columbia, the Teranet-National Bank Composite House Price Index showed on Friday.

The index, which measures price changes for repeat sales of single-family homes, showed national home prices rose 2.0 percent last month from June. Prices were up 10.9 percent from a year earlier. (Reporting by Leah Schnurr; Editing by Chizu Nomiyama)

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