According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts increased 207,600 units in October, which was down 0.6% from a revised 208,800 units in September (previously reported: 205,900 units). Nevertheless, the reading came in comfortably above market expectations, which saw housing starts fall to 195,000 units in October. According to the CMHC, the monthly decrease reflected a decline in single-detached starts in urban centres. On a trend basis, housing starts have continued to edge up for five consecutive months, with the 6-month moving average increasing to 201,200 units in October. The CMHC estimates that housing starts will reach 183,200 units in 2011 and 183,900 units in 2012.
Housing starts deteriorate in October
November 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.