According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts decreased to 197,900 units in January, which was down 1.0% from a revised 199,900 units in December (previously reported: 200,200 units). The reading came in above market expectations, which had housing starts at 192,000 units. According to the CMHC, the monthly decline reflected a decrease in multiple urban starts. On a trend basis, housing starts fell 2.5%, with the 6-month moving average moving from 201,800 units in December to 199,300 units in January. The CMHC estimates that housing starts will reach 186,750 units in 2012.
Housing starts moderate in January
February 8, 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.