Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA DATA
- Contrary to in line housing starts, existing home sales slid -3.3% M/M (cons -1.7%) in November.
- Prices resumed their downward trend, down -1.4% M/M for a 11.5% decline from the spring peak but still 35% above pre-pandemic levels.
- Larger price declines are being prevented by subdued listings, with November seeing the fewest new listings for the month in 17 years barring 2019. Low levels of sales are however helping relative supply, with the 4.2 months of supply at post-pandemic highs, nearing levels in the months leading up to the initial Covid lockdowns.
- CREA senior economist: “It will be interesting to see what buyers do when listings start to come out in big numbers in the spring, and even more interesting to see what happens a little later then the Bank of Canada, now widely thought to be at or very near the top of its tightening cycle, starts to eventually cut rates. All the other fundamental factors needed for the market to take off again are still out there.”
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok