register now for free unlimited access to reuterscom register a for sale sign is displayed outside a home in toronto ontario in toronto ontario canada december 13 2021 reuterscarlos osorio ottawa sept 20 reuters  canadian home prices fell sharply in august from july while yearoveryear price gains slowed further as fastrising interest rates continued to chill housing markets across the country index data showed on tuesday the teranet–national bank national composite house price index which tracks repeat sales of singlefamily homes in major canadian markets showed prices fell a record 24 in august from july led by sharp declines in hamilton ontario and halifax nova scotia the index is now 41 below the may peak with hamilton down 105 halifax down 87 and toronto down 83 calgary and edmonton alberta by contrast both hit new peaks in august and the index is still higher than a year ago up 89 since august 2021 with annual price gains slowing from 142 in july and 183 in may the teranet index tracks closings so it typically lags realtor sales data by three to five months reporting by julie gordon in ottawa editing by david gregorio