Canada January new housing price index -0.1% vs 0.0% prior ...Middle East

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Canada January new housing price index -0.1% vs 0.0% prior
source : forex live ( Middle East ) () 13
Prior was 0.0%Prices -0.7%It's very early in the spring selling season but where I'm seeing increasing stress is in sales of newly-built homes. People simply overpaid compared to where the market is now and are hanging on and expecting to sell at high prices. Given that these homes were purchased with borrowed money, they won't be able to hold on for long. This article was written by Adam Button at www.forexlive.com.

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