Canada March existing home sales +0.9% vs +2.0% expected
Canada March existing home sales
That's not much of a rebound after the huge drop in February.
- Prior was -9.1%
- Sales -4.6% y/y
- Weakest March sales volumes since 2014
- Western Canada sales "more than 20% below 10-year average for the month"
- Seasonally adjusted prices -0.5% y/y -- worst reading since 2009.
- Non-seasonally adjusted prices -1.8% y/y