- Analytics
- News and Tools
- Market News
- Housing starts in Canada fall to a seasonally adjusted annualized rate of 191,512 units in April
Housing starts in Canada fall to a seasonally adjusted annualized rate of 191,512 units in April
The Canada Mortgage and Housing Corporation (CMHC) released housing starts data on Friday. Housing starts in Canada fell to a seasonally adjusted annualized rate of 191,512 units in April from 202,375 units in March. March's figure was revised down from 204,251 units.
Housing starts were driven by a drop in the single and multi-unit segment.
"While the trend for Canada remained stable in April, there were off-setting differences at the local level, notably in Vancouver and Montreal. Condo construction is slowing down in Montreal as builders are managing inventories by channelling demand to units that have been completed but remain unsold," the CMHC's Chief Economist Bob Dugan said.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
