Vancouver house prices continue to fall
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The Teranet-National Bank House Price Index for May has been released, which shows that Canadian house prices rose by 0.5% across the 11 major markets, with annual growth falling to 0.7%:

Across the three major markets, values fell by 0.2% in Vancouver in May, but rose by 0.7% in Toronto and by 0.5% in Montreal.
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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.