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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
- Released earlier today, Teranet house prices for December showed signs that the largest monthly declines may be over for now after a 7% cumulative decline from the Apr’22 peak.
- Prices fell -0.3% M/M after two months averaging almost -1.0% and two before that at -1.8%.
- The trend goes against continued large declines in the CREA MLS index based on existing sales, averaging -1.5% in the four months to Dec, but then the MLS index did see far stronger house price appreciation through 2021 and into 2022.
- Canada has seen a sharper pullback in house prices compared to the US (FHFA currently -1% from peak, CoreLogic -4%) but the potential moderation in Canadian house price declines comes at a similar time to some timely indicators pointing to a potential bottoming in the downturn in US housing activity, if not yet prices.
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.
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