Falling Toronto market drags down home price index

TORONTO — Falling home prices in Toronto in September dragged down the Teranet — National Bank national composite house price index as it posted its first monthly decline since January 2016. The national index, which includes 11 cities, fell 0.8 per cent compared with the previous month, the largest monthly decline since September 2010. The move lower came as the index for Toronto, Canada’s largest housing market, fell 2.7 per cent on a month-over-month basis.