Canadian housing data from Teranet and Banque Nationale
- Largest 12-month increase since 2007
- Prior was +12.3% y/y
- Prices up 0.5% m/m vs 0.3% prior
- Full report
The increase exceeded the countrywide average in Hamilton (1.1%), Toronto (0.8%) and Montreal (0.8%). It lagged the average in Vancouver (0.3%), Victoria (0.2%), Calgary (0.1%) and Quebec City (0.1%). Halifax prices were flat. Prices were down from the month before in Winnipeg (−0.7%), Ottawa-Gatineau (−0.7%) and Edmonton (−0.1%).
Toronto prices were up 20.9% y/y. Looks at this nonsense. It's gone parabolic.