Canada resale home price index edges up in March

TORONTO, May 26 (BestGrowthStock) – Canadian home resale prices
rose in March for an 11th straight month but the monthly gain
was among the smallest since prices began rising last year,
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 in six metropolitan areas, showed overall prices were up
0.3 percent in March from February.

Overall prices were up 11.6 percent from a year earlier.

The index tracks home prices over time for repeat sales, so
properties with at least two sales are required in the
calculations. The report did not provide actual prices.

Penny Stocks
(Reporting by Ka Yan Ng; Editing by James Dalgleish)

Canada resale home price index edges up in March