Sept. 28 (Bloomberg) -- Canadian house prices rose 1.3 percent in July, gaining for an eighth consecutive month, according to the Teranet-National Bank Composite House Price Index.

Housing prices rose 5.3 percent in July from a year earlier, according to a report released today by National Bank Financial. The index rose to 146.51, a new high.

Calgary led gains in July, with prices advancing 2.3 percent. Home prices in Toronto advanced 1.7 percent during the month.

--Editors: Paul Badertscher

$TNBHICM% US <Equity> $TNBHICY% US <Equity>

To contact the reporter on this story: Theophilos Argitis in Ottawa at targitis@bloomberg.net

To contact the editors responsible for this story: Chris Wellisz at cwellisz@bloomberg.net; David Scanlan at dscanlan@bloomberg.net