Summary of recent research
- Retail sales during Christmas period better than anticipated, increase by 0.5% compared to expectation of 0.2%
- Home resale fell in Canada in December, down 0.5% from Nov
- Home resale in major Canadian cities: Vancouver -5.3%, Calgary -1.0%
- Demand for housing is expected to weaken slightly in 2013
- Effects of government-backed mortgage insurance rules on housing is offset by continued employment growth, low interest rates, and population gains