- Analytics
- News and Tools
- Market News
- Canada’s housing starts up 1.9 percent m-o-m in August
Canada’s housing starts up 1.9 percent m-o-m in August
The Canada
Mortgage and Housing Corp. (CMHC) reported on Tuesday the seasonally adjusted
annual rate of housing starts was at 226,639 units in August, up 1.9 percent
from an upwardly revised 222,467 units in July (originally 222,013 units).
Economists had
forecast an annual pace of 204,500 for August.
According to
the report, urban starts rose by 2.0 percent m-o-m last month to 213,663 units,
as single-detached urban starts surged by 13.6 percent m-o-m, to 53,275 units, while
multiple urban starts fell by 1.4 percent m-o-m to 160,388 units. At the same
time, rural starts were estimated at a seasonally adjusted annual rate of 12,976
units, up 0.4 percent m-o-m.
© 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
