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August New Housing Prices Preview -.....>

CANADA DATA
CANADA DATA: August New Housing Prices Preview - 8:30 EDT
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-Prior reading for July new home prices -0.1% m/m, -0.4% y/y
-BMO analysts expect -0.1% m/m (-0.5% y/y); Capital Economics see -0.1% m/m
(-0.4% y/y)
-Prices have fallen 3 straight times m/m, longest streak since 2009 recession
-Y/Y decline in July was most in a decade
- Edmonton saw largest price drop of -0.8% in July
- Toronto -0.6% m/m (-1.3% y/y); Vancouver -0.5% m/m (-1.5% y/y)
- Vancouver m/m decline was the biggest in almost 10 years

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