Teranet June Canada house price index +2.2% m/m

<ul><li>Prices up a seasonally adjusted 2.2% in June</li><li>Prices up 2.6% non-seasonally adjusted — fourth consecutive increase</li><li>Index down 5.1% y/y</li></ul><p>There's a line of thinking that the Bank of Canada made a big mistake in halting rate hikes just before the busy spring home-buying season. Tiff Macklem cited home prices as one of the reasons he hiked again this month.</p><p>The problem is, you can't hike your way out of a supply shortage.</p>

This article was written by Adam Button at www.forexlive.com.