According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts increased to 181,100 units in November, which was down 13.3% from a revised 208,800 units in October (previously reported: 207,600 units). The reading came in well below market expectations, which had housing starts at 203,000 units in November. According to the CMHC, the monthly drop reflected a decline in the multiples segment. On a trend basis, housing starts dropped for the first time since May, with the 6-month moving average decreasing from 201,300 in October to 199,900 units in November. The CMHC estimates that housing starts will reach 191,000 units this year and fall to 186,750 units in 2012.
Housing starts dive in November
December 8, 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.