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Canada’s new housing price index rises sequentially in September

Canada’s new housing price index rises sequentially in September. Higher new home prices in British Columbia mainly drove the national gain in September, while the results in the remainder of Canada were mixed, noted Statistics Canada.

New house prices in the nation rose 0.2 percent sequentially in September, as compared with the earlier rise of 0.1 percent in August. The September’s rise greatly reflects increases in the census metropolitan areas of Vancouver and Kelowa. Prices for new homes in most Southern Ontario CMAs remained unchanged in September. Meanwhile, in Saskatchewan and Alberta, new house prices dropped in all four surveyed CMAs with Regina witnessing the biggest drop of 0.3 percent.

On a year-on-year basis, new house prices rose 3.8 percent for the third straight month. Vancouver saw a year-on-year rise of 8.3 percent, while London recorded an 8.1 percent rise and Toronto seeing a gain of 6.4 percent.

At 19:00 GMT the FxWirePro's Hourly Strength Index of Canadian Dollar was bullish at 93.4304, while the FxWirePro's Hourly Strength Index of US Dollar was highly bearish at -134.344. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex

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2017-11-23 11:36:21
0m

November 23 12:30 UTC Released

BRForeign Direct Investm't*

Actual

8.2 Bln USD

Forecast

7.2 Bln USD

Previous

1.0000 Bln USD

November 23 12:30 UTC Released

BRCurrent Account*

Actual

-0.343 Bln USD

Forecast

-1 Bln USD

Previous

0.657 Bln USD

November 23 13:00 UTC 1313m

RUCbank Wkly Reserves*

Actual

Forecast

Previous

426.4 Bln USD

November 23 13:00 UTC 1313m

ZAPrime Rate*

Actual

Forecast

Previous

10.25 %

November 23 13:00 UTC 1313m

ZARepo Rate*

Actual

Forecast

6.75 %

Previous

6.75 %

November 23 13:30 UTC 4343m

CARetail Sales MM

Actual

Forecast

0.9 %

Previous

-0.3 %

November 23 13:30 UTC 4343m

CARetail Sales Ex-Autos MM

Actual

Forecast

1 %

Previous

-0.7 %

November 23 14:00 UTC 7373m

MXIGAE Econ Activity MM

Actual

Forecast

0.14 %

Previous

0.21 %

November 23 14:00 UTC 7373m

MX1st Hlf-Mth Core Infl YY*

Actual

Forecast

4.71 %

Previous

4.75 %

November 23 14:00 UTC 7373m

MX1st Hlf-Mth Core Infl YY*

Actual

Forecast

0.73 %

Previous

0.62 %

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