Teranet-National Bank Canada June home worth index 0.0% vs +0.2% m/m prior

• Prior was +0.2%
• Prices up 3.6% y/y vs +5.7% prior led by Alberta
• Prices in Toronto +0.8% y/y
• Full report

There are some real creaks appearing in the Canadian housing market and that’s a big reason the Bank of Canada will likely ride to the rescue next week with a second consecutive rate cut.

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