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Canada Housing Starts
Canadian housing starts rose modestly in September as builders broke ground on more multiple-unit dwellings, typically condominiums, data showed on Wednesday. The report from the Canada Mortgage and Housing Corp showed housing starts climbed to a seasonally adjusted annualized rate of 197,343 units last month from an upwardly revised 196,283 units in August. The homebuilding…
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Canada Housing Starts
Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday. A report from the Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July. The small…
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Housing Starts, Canada
The CMHC report showed single-unit starts rose 0.9 per cent while multiple-units, typically condominiums, rose 0.1 per cent. Canada’s condo market has cooled since 2012 after a multi-year boom, and is widely expected to cool further as unsold inventory comes onto the market. June’s strength in housing starts was led by the prairie provinces which…
