Canada: Housing data in focus – TDS

Analysts at TD Securities point out that Canada’s regional housing surveys were mixed, but they are looking for the national housing sales figures to be little changed between May and June.

Key Quotes         

“This fits with the BoC's narrative that the housing market has begun to adjust to the new mortgage regulations introduced at the start of the year, which played a small role in the BoC's decision to hike rates this week.”

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