According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts rose to 222,700 units in June, which was up 2.4% from a revised 217,400 units in May (previously reported: 211,400 units). Moreover, the reading came in above market expectations that had housing starts moderating to 205,000 units. According to the CMHC, "the monthly increase posted in June was mainly attributable to multiple urban starts". The 6-month moving average rose 1.7% over the previous month, from 214,800 units in May to 218,500 units in June, and thus continues to follow a well-established upward trend. The CMHC estimates that housing starts will reach 202,700 units in 2012 and 195,700 units in 2013
Housing starts climb up in June
July 10, 2012
Looking for forecasts related to Housing in Canada? Download a sample report now.
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.