The Toronto skyline in Canada

Canada Housing November 2018

Canada: Housing starts increase in November

Housing starts on a seasonally-adjusted annualized (SAAR) basis climbed to 215,941 units in November, according to the Canada Mortgage and Housing Corporation (CMHC). November’s print followed a revised 206,753-unit reading in October (previously reported: 205,900). The reading topped analysts’ expectations while landing firmly above the symbolic 200,000-unit threshold.

Meanwhile, the six-month moving average of housing starts on a SAAR basis inched up to 210,038 units in November from 206,460 units in October. The result was driven mainly by an increase in multi-unit starts, offsetting the slowdown in single-detached starts.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest