According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts increased to 201,100 units in February, which was up 1.5% from a revised 198,100 units in January (previously reported: 197,900 units). The reading came in slightly above market expectations, which had housing starts at 200,000 units. According to the CMHC, the monthly increase mainly reflected a rise in multiple housing starts. The 6-month moving average rose 1.6% over the previous month, from 199,400 units in January to 201,100 in February. The CMHC estimates that housing starts will reach 190,000 units in 2012 and 193,800 units in 2013.
Housing starts rise in February
March 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.