NHPI
The NHPI continues to move higher and higher
  • Prior 0.2% (was expecting 1.0%)
  • NHPI 0.9%% vs 0.6% estimate
  • Rebounds from last month's weaker than expected gain of 0.2%
  • 11.8% YoY up from last month's 11.6%
  • Prices were up in 15 of the 27 census metropolitan areas (CMAs) surveyed, and unchanged in 12
  • Calgary (+2.1%) recorded the highest monthly increase in new home prices among the 27 CMAs surveyed.

Adam concurs that home prices are on fire.