The Canadian housing market expanded for a third consecutive month in March. According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualised housing starts reached 188,800 units in March, up 2.8% from a revised 183,700 units in February (previously reported: 181,900 units). The result mainly reflected an increase in rural starts, as urban starts improved only slightly compared with the previous month. Due to housing starts' sensitivity to changes in the business cycle, rising starts bode well for solid economic growth in the months ahead. The CMHC estimates housing starts will total 174,800 units in 2011.
Housing starts continue to increase in March
April 8, 2011
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Canada Economic News
October 21, 2016
In September, seasonally-adjusted consumer prices increased 0.2% from the previous month, which contrasted the 0.1% decrease recorded in August and marked the highest print in three months.
October 19, 2016
At its 19 October policy meeting, the Bank of Canada (BoC) decided to maintain its target for the overnight rate at 0.50%, despite a weaker inflation and growth outlook.
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.