Canada November new housing price index 0.0% m/m vs 0.0% expected

Author: Adam Button | Category: News

House price data from Canada

  • Prior was 0.0% m/m
  • Prices 0.0% y/y vs +0.1% expected
  • Canadian building permits +2.6% vs -0.5% expected
  • Prior permits -0.2% (revised to -0.4%)
  • Non-residential permits +11.6%
  • Residential permits -2.5%

The Bank of Canada expressed extra concern about the housing market yesterday, saying that it had taken longer to stabilize than expected. Toronto and Vancouver are cooling off with Vancouver prices falling substantially.

Building permits:

ForexLive

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