The Canadian housing market remains in good shape. According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts increased to 205,100 units in July, up 4.3% from a revised 196,600 units in June (previously reported: 197,400 units). The reading came in well above market expectations, which anticipated housing starts to shrink to 195,000 units in July. According to CMHC, the monthly increase reflected a rise in multiple starts in virtually all regions of Canada. Rising housing starts bode well for economic growth at the outset of the third quarter, as housing starts typically reflect changes in the business cycle. According to new CMHC estimates, housing starts are projected to total 179,500 units in 2011 and 185,300 units in 2012.
Housing starts continue to advance
August 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.