Canadian housing market slowed notably in the third quarter. According to the government-owned Canada Mortgage and Housing Association (CMHC), seasonally adjusted annualised housing starts reached 186,400 in September, down 1.5% from a revised 189,300 in August (previously reported: 183,300 units). The figure overshot market expectations of 185,000 units but marked the lowest level so far this year. Furthermore, in the third quarter housing starts fell 4.1% over the April-June period. The downward trend in home building in place since the beginning of the second quarter reflects the withdrawal of special lending conditions offered by the government until April this year. Nevertheless, the current pace of housing starts is consistent with the CMHC's official projection of 182,000 units for 2010. For 2011, CMHC expects housing starts to moderate further to 179,600. Consensus Forecast participants expect 192,000 housing starts this year, which is up 2,000 units from last month's forecast. For 2011, the panel anticipates housing starts to moderate to 183,000.
Housing market slows in the third quarter
October 12, 2010
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Canada Economic News
October 11, 2016
The Teranet-National Bank National Composite House Price index rose 0.7% in September from the previous month, which followed the 1.5% increase in August.
October 8, 2016
Seasonally-adjusted annualized housing starts registered 220,600 units in September, according to the government-owned Canada Mortgage and Housing Corporation (CMHC).
October 7, 2016
The Ivey Purchasing Managers’ Index (PMI), sponsored by the Richard Ivey School of Business and the Purchasing Management Association of Canada, increased a seasonally-adjusted 6.1 points in September, rising from 52.3 in August to 58.4.
September 30, 2016
In July, GDP grew a strong 0.5% over the previous month in seasonally-adjusted terms.
September 23, 2016
In August, seasonally-adjusted consumer prices recorded a 0.1% decrease over the previous month, which was down from the flat figure recorded in July and marked the lowest reading in six months.