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Canada resale home price index up for 7th month

28 January 2010 No Comment

TORONTO, Jan 27 (Reuters) – Canadian home resale prices rose for a seventh straight month in November on gains in all six major metropolitan markets surveyed, according to a report on Wednesday.

The Teranet-National Bank composite house price index, which measures price changes for repeat sales of single-family homes, showed overall prices were up 0.8 percent in November from October.

Vancouver led the gains, rising 1.9 percent, the only market to exceed the national average. Without Vancouver, the composite index would have been up 0.5 percent, the report said.

Read more http://www.reuters.com/article/idUSN2715911620100127

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