According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts increased to 200,200 units in December, which was up 7.9% from a revised 185,600 units in November (previously reported: 181,100 units). The reading came in comfortably above market expectations, which had housing starts at 188,500 units in December. According to the CMHC, the monthly increase reflected a rise in multiple urban starts. On a trend basis, housing starts ticked up 0.7%, with the 6-month moving average increasing from 201,200 units in November to 201,900 units in December. The CMHC estimates that housing starts will reach 186,750 units in 2012.
Housing starts rise in December
January 10, 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.