Housing data from StatsCan:
- Prior was +0.1% m/m
- Prices up 1.2% y/y
- Prior was +1.1% y/y
The pundits have been poking holes in the Canadian housing market forever but it finds a way to keep on keepin' on. There are no signs of trouble in this data.
I believe there will eventually have to be a correction but it's a matter of waiting for it rather than trying to pick the top.
