July 17, 2024 at 01:37PM
Prior was +0.2%
Prices up 3.6% y/y vs +5.7% prior led by Alberta
Prices in Toronto +0.8% y/y
Full report
There are some real creaks appearing in the Canadian housing market and that’s a big reason the Bank of Canada will likely ride to the rescue next week with a second consecutive rate cut.
This article was written by Adam Button at www.forexlive.com.
Teranet-National Bank Canada June house price index 0.0% vs 0.2% m/m prior