A drop in home sales which are 10.6% higher than September 2013. Newly listed homes fell 1.6% between Aug and Sep. The MLS house price index rose 5.3% y/y with national average prices +5.9% y/y
“Affordably priced single family homes are in short supply in some of Canada’s hottest housing markets, which contributed to the monthly decline in national sales activity in September,” said CREA President Beth Crosbie.
Also out from Canada is the Teranet/National house price index
- 0.4 vs 0.8% prior m/m
- 5.4% v 5.0% prior y/y
USD/CAD trades at 1.1330 and is more caught up in the dollar rout than this data.
Canadian existing home sales 15 10 2014