According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts fell to 220,200 units in September, which was down 2.3% from a revised 225,300 units in August (previously reported: 224,900 units). The reading, however, came in above market expectations that had housing starts moderating to 205,000 units. According to the CMHC, September's deterioration mainly reflected a decrease in urban multiple starts. The 6-month moving average edged up 0.5% over the previous month, from 223,000 units in August to 224,000 units in September, and thus continues to follow a well-established upward trend since the beginning of this year.
Housing starts moderate in September
October 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.