Canada June new housing price index +0.2% vs +0.5% m/m expected
Canada June new housing price index
- Prior was +0.7% m/m
- Prices +3.9% y/y
- Prior +3.8% y/y
There is a significant divergence between new and existing home prices in Canada, with new houses trailing but that might be due to contracts for purchase that are signed far before the houses are built. Overall, there are major supply issues in the big cities.