July 2014 Canadian Teranet/National Bank house price index +4.9% y/y

| 3 Comments

  • Prior 4.4%
  • 1.1% vs 0.9% prior m/m
  • HP index 165.85 vs 163.98

Small data point but shows prices still rising in Canadian housing. I’m sure it’s only temporary ;-)

Shame we can’t trade this index, anyone spot the pattern? ;-)

Canadian Teranet home price index 13 08 2014

Canadian Teranet home price index 13 08 2014

 

Author: Ryan Littlestone

Ryan Littlestone has been working in financial markets for more than 20 years. Wide-eyed, he stepped out of Bank station in London to join LME founding member Rudolf Wolff where he worked his way to the main order desk and brokered customer orders to the LME floor and across virtually every global market. An opportunity to help set up and run a new LIFFE floor operation saw him catch the trading bug and it wasn’t long before the pull of the pits was too great to refuse. He became a ‘local’ and has been trading his own account for more than 11 years.

3 Comments

  1. It’s kind of Canadian jobs data looks – or USDCAD for that matter.

  2. The pattern is only rational. Who would want to move to Canada for the winter ;)

  3. The USDCAD lags from diving deep and I believe it is matter of time to test 1.07 level again, no matter what – when the data speaks – even gods keep silence. Nice potential in CADJPY and CADCHF for longs, if anybody trades those pairs.

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