Sales miss estimates but hit a record
Canadian August existing home sales rose 6.2% compared to 8.0% but that was still enough to send the measure to an all-time record.
Sales rose 33.5% y/y in August as the market plays catch-up after the spring closure. That was coupled with a 1.7% m/m in price and a 9.4% y/y increase.
Total sales were the sixth highest for any month and the highest ever in August.