Canada New Housing Price Index m/m reflects a change in selling prices of new houses in the reported month compared to the previous one. It is considered to be a leading indicator of Canada's housing market.
The index growth indicates an increase in the real estate market activity level. It may affect CAD quotes positively.
The chart of the entire available history of the "Canada New Housing Price Index m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.