Canada resale home price index rises in January

* Prices up 0.4 pct month/month; up 3.9 pct year/year

* Vancouver up 0.9 pct

* Four of six markets higher in January

TORONTO, March 30 (Reuters) – Canadian resale home prices
rose in January, led by gains in Vancouver, 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
0.4 percent in January from December.

Prices were up 3.9 percent from a year earlier.

The heavily weighted Vancouver market showed a price gain
of 0.9 percent.

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.
(Reporting by Ka Yan Ng; editing by Peter Galloway)

Canada resale home price index rises in January