Canada housing winter
  • Prior was +4.3% y/y
  • Monthly +0.5% vs +0.3% expected (+0.4% prior)

House price data from the FHFA:

  • Prices +4.7% vs +4.2% y/y prior (revised to +4.5%)
  • Monthly +0.4% vs +0.3% prior

These are some solid numbers that are a good pushback on some of the creeping bearishness around housing. That said, pricing is a lagging indicator.

Source: Forex Live