Canada resale home prices rise in September -report

* Month-on-month prices rise 1.3 percent

* Five of six metro areas post gains; Montreal falls

* Prices down 1.8 pct from a year earlier

TORONTO, Nov 25 (Reuters) - Canadian home resale prices rose for a fifth straight month in September on gains in five of six major metropolitan markets surveyed, according to a report on Wednesday.

The Teranet-National Bank Composite House Price Index, which measures price changes for repeat sales of single-family homes, showed overall prices were up 1.3 percent in September from August, the smallest rise in four months.

Vancouver, where prices were up 2.1 percent, had the biggest monthly rise, followed by Toronto, up 1.5 percent. Calgary posted a 0.9 percent gain, while Halifax rose 1.7 percent.

Montreal was the only metropolitan area that reported a decline in the month, down 0.2 percent, although the report said the fall was "not due to a deterioration of market conditions."

It said new listings in the city have slipped following a rise in home sales every month since May, citing statistics from the Greater Montreal Real Estate Board.

Teranet's year-over-year national measure showed prices were down 1.8 percent from September 2008.

The Teranet-National index tracks home prices over time for repeat sales, so properties with at least two sales are required in the calculations for the index. The report did not provide actual prices. (Reporting by Ka Yan Ng; editing by Peter Galloway) ((kayan.ng@thomsonreuters.com; Reuters Messaging: kayan.ng.reuters.com@reuters.net; 416-941-8109))