Canadian home prices up 1.2% in April, lifted by Toronto

Canadian home prices rose in April, data showed on Friday, lifted once again by hefty price gains in the hot Toronto market, which some fear is becoming overheated. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices rose 1.2 per cent last month, making for the fifteenth consecutive month national prices have increased. BNN