Canada home prices dip in October; first decline in eight months: Teranet

TORONTO (Reuters) - Canadian home prices fell in October for the first time in eight months as widespread price declines were seen across the country, data showed on Thursday. The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices fell 0.4 percent in October from September. Prices were down in 10 of the 11 metropolitan markets surveyed, Teranet said. Just Montreal was higher, with a 0.2 percent gain. On a year-over-year basis, the index climbed 2.8 percent. (This story corrects the day to Thursday, not Friday, in first paragraph.) (Reporting by Fergal Smith; Editing by Sandra Maler)