Canada Housing


Canada: Housing starts decline in July

August 9, 2012

According to the government-owned Canada Mortgage and Housing Corporation (CMHC), seasonally adjusted annualized housing starts fell to 208,500 units in July, which was down 6.1% from a revised 222,100 units in June (previously reported: 222,700 units). The reading came in below market expectations that had housing starts moderating to 213,000 units. According to the CMHC, July's deterioration mainly reflected a decrease in the multiples segment. The 6-month moving average, however, rose 0.6% over the previous month, from 218,200 units in June to 219,600 units in July, and thus continues to follow a well-established upward trend. The CMHC estimates that housing starts will reach 202,700 units in 2012 and 195,700 units in 2013.


Sample Report

Looking for forecasts related to Housing in Canada? Download a sample report now.


Canada Economic News

More news

Search form