Free Trial
CNH

USD/CNH Eyeing Break Back Below 6.7800

AUD

A$ Rallies On More Hawkish RBA Outlook

USDCAD TECHS

Bounce Considered Corrective

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI BRIEF: Canada Home Sales Have 1st Gain Since BOC Tightened

(MNI) OTTAWA
OTTAWA (MNI)

Canadian home sales posted the first monthly gain since the BOC began hiking in March, with the national realtor group suggesting the market has largely adjusted to higher borrowing costs and may return to sustained growth.

Sales rose 1.3% in October from September, the Canadian Real Estate Association said Tuesday, following a prior decline of 3.9%. The group's price index that compares sales of similar types of properties posted the smallest decline since June at 1.2%.

Keep reading...Show less
177 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Canadian home sales posted the first monthly gain since the BOC began hiking in March, with the national realtor group suggesting the market has largely adjusted to higher borrowing costs and may return to sustained growth.

Sales rose 1.3% in October from September, the Canadian Real Estate Association said Tuesday, following a prior decline of 3.9%. The group's price index that compares sales of similar types of properties posted the smallest decline since June at 1.2%.

Keep reading...Show less