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Canadian home prices fall for first time in a year: Teranet

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TORONTO — Canadian home prices fell in November from a month earlier, their first monthly decline in a year, 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 fell 0.3 per cent last month. Prices were still up 5.2 per cent from a year earlier.

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Related Homebuyers expected to take hit as CMHC triples fee it charges banks to guarantee loans Canada among the world’s hottest property markets © Thomson Reuters 2014 LATEST PERSONAL FINANCE VIDEOS

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