Canada Teranet February home value index -0.1% m/m vs -0.1% prior

• Seasonally adjusted prices -0.1%
• Vancouver -0.9%
• Toronto -0.5%
• Montreal +0.9%
• Prices +2.9% y/y vs +3.4% prior

I’m increasingly concerned about the Toronto-area housing market, particularly condos. The next two months will be pivotal, as BOC rate cuts don’t appear to be helping.

This article was written by Adam Button at www.forexlive.com.