Canada January new housing price index -0.1% vs -0.1% prior

• Prior was -0.1%

There is growing worry about the health of the Canadian housing market, particularly in Ontario. Listings are surging despite poor, snowy weather and there haven’t been the sales to match. The condo market is a disaster in Toronto but it’s not clear if the pain will spread beyond that. The spring market will be key.

This article was written by Adam Button at www.forexlive.com.