Data from CREA.
- Average home prices rose 9.5% y/y in Jan
- Full press release
The size of year-over-year average price gains continues to reflect the decline in sales activity at this time last year among some of Canada’s most active and pricey markets, which dropped the national average at that time.
USD/CAD climbs above the European session high to 1.0977. It’s a low-impact indicator but it was very soft, similar to manufacturing sales.
