According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts fell to 211,400 units in May, which was down 13.3% from a revised 243,800 units in April (previously reported: 244,900 units). The reading represents the steepest decline in housing starts since December 2010 and came in below market expectations, which had housing starts plunging to 215,000 units. According to the CMHC,
Housing starts fall sharply in May
June 8, 2012
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Note: Monthly housing starts at seasonally adjusted annualized rate.
Source: Canada Mortgage and Housing Corporation (CMHC).
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.