Aug 21, 2025
New home prices fell short of estimates in July, declining 0.1% M/M versus expectations for a gain of the same size - the fourth straight sequential decline.
On a provincial basis, the print showed improvement over last month - with strength in Quebec and stabilization in the prairies and atlantic partly offsetting continued weakness in Ontario and BC…
… but the growing inventory of unsold units should make any sustained recovery an uphill battle.
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