House price data from Canada
Prior was 0.0% m/m
Prices 0.0% y/y vs +0.1% expected
Canadian building permits +2.6% vs -0.5% expected
Prior permits -0.2% (revised to -0.4%)
Non-residential permits +11.6%
Residential permits -2.5%
The Bank of Canada expressed extra concern about the housing market yesterday, saying that it had taken longer to stabilize than expected. Toronto and Vancouver are cooling off with Vancouver prices falling substantially.
Building permits:
