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Weekly Commentary

The Housing Market Is Shifting Gears Again, but Affordability Remains a Long Way Off

August 18, 2023
Marc Desormeaux
Principal Economist

  • After two consecutive monthly gains, Canadian retail sales likely fell in June.
  • United States: Upticks in home sales are expected for July.
  • After very strong growth in June, a drop-off in new US orders for durable goods is forecast for the aviation sector.