Relevant for Exams
Canadian home sales dip 0.6% in November, signaling a cooling market after mid-year surge.
Summary
Canadian home sales experienced a 0.6% dip in November compared to the previous month, with prices also marginally declining. This indicates a cooling trend in the Canadian housing market, shifting from a mid-year surge to a more stable period. Annually, sales are down 10.7% and the Home Price Index by 3.7%, highlighting specific economic indicators for general awareness in competitive exams.
Key Points
- 1Canadian home sales decreased by 0.6% in November compared to the previous month.
- 2Annually, Canadian home sales were down by 10.7% year-over-year.
- 3The Canadian Home Price Index saw a decrease of 3.7% year-over-year.
- 4The data indicates a cooling trend in the Canadian housing market.
- 5This November dip followed a mid-year surge in Canadian home sales.
Full Article
Canadian home sales experienced a slight dip of 0.6% in November compared to the previous month, with prices also seeing a marginal decline. This marks a shift from the mid-year surge, settling into a more stable period. Annually, sales are down 10.7%, and the Home Price Index has decreased by 3.7% year-over-year, indicating a cooling market.