October 2014 Canadian Teranet/National bank house price index 0.2% vs 0.4% prior m/m

• 5.4% vs 5.4% y/y prior
• Index 167.99 vs 167.64 prior
• Toronto -0.2% m/m. +7.4% y/y
• Vancouver +1.2% m/m. +6.5% y/y
• Montreal +0.3% m/m. +1.1% y/y

Prices starting to edge higher again and that might start to be a concern to the BOC and its hand waving governor.

USD/CAD softens to test 1.1300

Canadian Teranet National bank yy HPI 12 11 2014