Canadian August home price index -1.6% m/m

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Canadian August home price index -1.6% m/m

<ul><li>Sales volumes -1.0%</li><li>Home price index down -1.6% in August from July</li><li>Prices up 7.1% y/y</li><li>Sales volumes -24.7% y/y</li></ul><p>"August saw national sales hold steady month-to-month for the first time
 since February which, along with a stabilization of demand/supply
conditions in many markets, could be an early sign that this year's
sharp adjustment in housing markets across Canada may have mostly run
its course," said Jill Oudil, Chair of CREA. </p>

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

Source: Canadian August home price index -1.6% m/m

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