According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts fell to 208,500 units in July, which was down 6.1% from a revised 222,100 units in June (previously reported: 222,700 units). The reading came in below market expectations that had housing starts moderating to 213,000 units. According to the CMHC, July's deterioration mainly reflected a decrease in the multiples segment. The 6-month moving average, however, rose 0.6% over the previous month, from 218,200 units in June to 219,600 units in July, 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 decline in July
August 9, 2012
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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.