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Housing Starts, Canada
A report from the Canada Mortgage and Housing Corp Monday showed the seasonally adjusted annualized rate of Canadian housing starts rose to 195,620 units in November, from 183,659 in October. Canada Housing Starts Multiple-unit housing starts starts in urban areas rose 13.6 per cent, to 112,583, reversing most of the prior month’s decline. Single-family starts…
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Building Permits, Canada
Municipalities issued building permits worth $7.5 billion in September, up 12.7 per cent from August, following a 27.3 per cent decrease the previous month, according to Statistics Canada Thursday. The increase in September resulted primarily from higher construction intentions for both non-residential and residential buildings in Ontario. The value of non-residential building permits rose 23.9…
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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…
