Canada new housing price index 0.2% vs. 0.3% expected

• Canada new housing price index for June rose 0.2% in June compared to May
• Prices were up in 12 of the 27 census metropolitan areas (CMAs) surveyed, unchanged in 14 and down in 1.
• Nationally, new home prices rose 7.9% year-over-year in June, the smallest increase since March 2021. Calgary led the gains with a 15% gain. Prices were also up in Winnipeg (+14.9%), Kitchener–Cambridge–Waterloo (+13.2%) and London (+12.7%) on a year-over-year basis in June.

The gains and housing have been strong since the middle of 2020. The rise this month of 0.2% although still higher is a slowing of the trajectory., Higher Canada rates should slow the trajectory of prices going forward is affordability becomes more challenging.

/inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term