Canada May new housing price index 0.0% vs +0.1% m/m expected

Author: Justin Low | Category: News

Latest data released by Statistics Canada - 12 July 2018

  • Prior 0.0%
  • New housing price index +0.9% vs +1.0% y/y expected
  • Prior +1.6%
Slight miss in terms of housing data relative to estimates, but prices continue to rise albeit at a more moderate pace since the yearly estimate for the May reading here isn't as solid as the one seen back in March as the housing market continues to cool off.

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