Canada Teranet house price index +1.2% y/y vs +1.5% prior
Canadian house price data from Teranet/National Bank
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.
- Prior was +1.5% y/y
- Prices flat m/m vs -0.3% m/m prior