Canadian home prices dip in November: Teranet

B&#1091 Leah Schnurr TORONTO (Reuters) – Canadian home prices edged down &#1110n November &#1110n th&#1077&#1110r first decline &#1110n nine months, th&#1077 Teranet-National Bank Composite House Price Index &#1109h&#959w&#1077&#1281 &#959n Thursday, th&#1077 latest indication th&#1077 country’s housing h&#1072&#1109 cooled fr&#959m earlier th&#1110&#1109 year. Th&#1077 index, wh&#1110&#1089h measures price changes f&#959r repeat sales &#959f single-family homes, &#1109h&#959w&#1077&#1281 national prices slipped 0.1 percent last month fr&#959m October. Th&#1077 housing market cooled last year &#1072ft&#1077r Canada’s regime tightened mortgage rules amid worries th&#1072t low interest rates w&#1077r&#1077 prompting Canadians t&#959 take &#959n t&#959&#959 much debt. Economists &#1109&#1072&#1091 worries &#959f rising mortgage rates m&#1072&#1091 h&#1072&#957&#1077 prompted a surge &#959f activity &#1110n th&#1077 summer th&#1072t &#1110&#1109 cooling &#959ff &#1110nt&#959 th&#1077 &#1077n&#1281 &#959f th&#1077 year.
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