According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts rose to 224,900 units in August, which was up 8.1% from a revised 208,000 units in July (previously reported: 208,500 units). The reading came in well above market expectations that had housing starts moderating to 200,000 units. According to the CMHC, August's improvement mainly reflected an increase in large multi-unit projects. The 6-month moving average rose 1.6% over the previous month, from 219,400 units in July to 222,900 units in August, and thus continues to follow a well-established upward trend. The CMHC estimates that housing starts will reach 207,200 units in 2012 and 193,100 units in 2013.
Housing starts increase in August
September 11, 2012
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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.