Latest data released by Statistics Canada - 13 September 2018
- Prior +0.1%
- New housing price index +0.5% vs +0.5% y/y expected
- Prior +0.8%
The slowdown continues in Canada's housing market as the year-on-year estimate drops to only +0.5%. Higher mortgage rates and tougher mortgage rules have been a real bane for the housing market, which is now competing with Australia, New Zealand, and China in the global slowdown really.
