14-07-2015 15:14 via news.yahoo.com

Canadian home prices rise in June, pace of growth increases

By Andrea Hopkins TORONTO (Reuters) - Canadian home prices rose to a record high in June from a month ago, the sixth consecutive monthly increase, and were up strongly from a year ago as Toronto and Vancouver held momentum, 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 national home prices rose 1.4 percent last month from May. Prices were up 5.1 percent from a year earlier, an accel
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