Canadian Nov Existing Home Sales

Data from CREA:

• Prior reading was -3.2%
• Prices up 4.1% vs Nov 2012
• Sales rose 5.9% y/y

This data set has been under fire for inaccuracy, in particular, the way it handles revisions. At face value, it’s the second month in a row of declines but nothing to worry about. CREA says the market is in ‘balanced’ territory, which is no surprise coming from an association of realtors.

Source:http://www.forexlive.com/