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Canada New Home Sales Plunge 64 Percent; Lowest August on Record

By Mish   Follow   Mon, 24 Sep 2012, 10:30pm   418 views   2 comments
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Canada New Home Sales Plunge 64 Percent; Lowest August on Record
http://globaleconomicanalysis.blogspot.com/2012/09/canada-new-home-sales-plunge-64-percent.html
Mish

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1. B.A.C.A.H. Follow Befriend (6) 5 threads 2,359 comments

   1   10:42pm Mon 24 Sep 2012   Share   Quote   Permalink   Like   Dislike   notice his table does not include Vancouver, which for wealthy immigrants is Fortress North.

2. curious2 Follow Befriend (5) 31 threads 2,268 comments Premium

   2   11:26pm Mon 24 Sep 2012   Share   Quote   Permalink   Like   Dislike   Protected   A closer look at the statistics reveals that total July-August sales are up from 2010, though down from 2011. The single month of August was presumably affected by transactions being pulled forward to meet the July 31 deadline under the old financing rules. In general, a single month's numbers can easily be noise, and in this case they almost certainly reflect the significant change in government policy that took effect August 1. If you want to drive traffic from PatNet to your blog, please use clearly meaningful numbers.