new housing price index
  • Prior was +0.2%
  • Prices were unchanged in 13 of the 27 census metropolitan areas
  • Prices increased in 8
  • Prices declined in the remaining 6
  • The index was unchanged on a year-over-year basis in August following a 0.1% increase in July

The Canadian housing market is wilting at the moment and it's a race to see whether the Bank of Canada can save it.