Canada Teranet house price index +1.2% y/y vs +1.5% prior

Author: Adam Button | Category: News

Canadian house price data from Teranet/National Bank

  • Prior was +1.5% y/y
  • Prices flat m/m vs -0.3% m/m prior
The m/m reading shows the market stabilizing. Recent numbers show a pickup in construction as well. I get the sense that some cautious optimism is returning to the market but the days of 10% y/y price increases are gone.
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