Canada March existing home sales +0.9% vs +2.0% expected

Canada March existing home sales

  • Prior was -9.1%
  • Sales -4.6% y/y
  • Weakest March sales volumes since 2014
  • Western Canada sales “more than 20% below 10-year average for the month”
  • Seasonally adjusted prices -0.5% y/y — worst reading since 2009.
  • Non-seasonally adjusted prices -1.8% y/y

That’s not much of a rebound after the huge drop in February.

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