Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Canadian home sales fell for a second month in May from March's record high as some bidders were fed up with skyrocketing prices, a realtor group reported Tuesday.
Sales fell 7.4% in May following April's 11% decline, though transactions are still about double the rate from a year earlier as tracked by the Canadian Real Estate Association. The average selling price rose 38% from a year earlier in May, close to April's record 42% gain, and CREA's preferred index that matches up sales of similar dwellings rose a record 24%."More and more, there is anecdotal evidence of offer fatigue and frustration among buyers, and the urgency to lock down a place to ride out COVID would also be expected to fade at this point given where we are with the pandemic," CREA Chair Cliff Stevenson said in the report.