RSS Canada Teranet December house prices +0.8% m/m

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 RSS Canada Teranet December house prices +0.8% m/m

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  • Teranet HPI shows sixth straight monthly gain on seasonally-adjusted basis
  • Prior was +0.7%
  • Non-seasonally adjusted -0.1% m/m
  • Prices up 3.6% y/y vs 2.4% prior
  • Prices just 0.3% below April 2022 peak
  • Strong showing in Western Canada with Edmonton leading at +1.6% m/m
  • Toronto: +0.8% m/m, Vancouver +0.6% m/m

There are signs here that pent-up demand is being released following the Bank of Canada rate cuts, though I have also seen signs of surging inventory for sale more recently.

This article was written by Adam Button at www.forexlive.com.
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