Jul 23, 2025
New home prices surprised to the downside in June, falling 0.2% M/M versus estimates for a flat reading - the third straight sequential decline.
The slowdown was felt almost universally, with all geographic regions except the atlantic softening versus May - especially in the western provinces.
With unabsorbed inventory builds keeping pressure on the housing market, it’s unlikely this will be the last weak month we see this year.
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