March 12, 2014 / 1:02 PM / in 4 years

Canadian home prices rise in Feb to fresh high - Teranet

TORONTO, March 12 (Reuters) - Canadian home prices rose in February, pushing a national index of prices to a record high for the second month in a row, 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 national prices rose 0.3 percent last month from January.

Prices were up 5.0 percent from a year ago, an acceleration from January’s 4.5 percent price gain.

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