News in end use

The Consumer Price Index (CPI) rose 1.9% year-over-year in November, down from a 2.0% increase in October.

Mortgage applications for new home purchases declined 12.0% in November but were up 7.2% year-over-year, MBA reported.

According to the ESR Group, affordability and the “lock-in effect” are expected to keep housing activity subdued in 2025, with existing-home sales forecast to move only slightly upward.

Existing-home sales rose again in November, building on October’s surprising jump, CREA reported. Sales were up 2.8% and now stand a cumulative 18.4% above May.

Job vacancies declined 5.5% in Q3, representing 31,900 fewer positions and bringing the total to 546,100 open roles. This marks the ninth consecutive quarterly decline.

Asking rents for newly constructed apartments rose 1.5% in Q3—the biggest year-over-year increase in 18 months—to a median $1,802, Redfin reported.

Requests for home tours, mortgage applications, and pending sales are rising as mortgage rates decline from their four-month high in November, Redfin reported.

The total value of building permits issued in October decreased 3.1% to C$12.6 billion. Despite the decline, the value remained the fourth highest in the series.

The Producer Price Index for final demand, seasonally adjusted, increased 0.4% in November. Final demand prices had increased 0.3% in October.