Housing data from Statistics Canada:
- Prior was +1.3% y/y
- Prices higher by 0.1% m/m vs +0.2% expected
- Prior was +0.3% m/m
Canadian overall house prices are continuing to rise at a faster pace than new house price. the fresh supply at stable pricing could help to curb appreciation without sparking a correction.
In any case, this report isn't a factor for CAD today (oil is).