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.
