The Canadian housing market begins to show signs of weakness. According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts dropped to 184,700 units in August, down 9.7% from a revised 204,500 units in July (previously reported: 205,100 units). The reading came in well below market expectations, which saw housing starts fall to 200,000 units in August. According to CMHC, the monthly fall reflected decreases in multiple urban starts in virtually all regions of Canada. The CMHC estimates housing starts to reach 183,200 units in 2011 and 183,900 units in 2012.
Housing starts moderate in August
September 9, 2011
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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.