- Analytics
- News and Tools
- Market News
- Canada’s housing starts down 8.7 percent m-o-m in October
Canada’s housing starts down 8.7 percent m-o-m in October
The Canada
Mortgage and Housing Corp. (CMHC) reported on Friday the seasonally adjusted
annual rate of housing starts was at 201,973 units
in October, down 8.7 percent from a downwardly revised 221,135
units in September (originally 221,202 units).
Economists had
forecast an annual pace of 221,200 for October.
According to
the report, urban starts plunged by 9.0 percent m-o-m last month to 189,304 units,
as multiple urban starts tumbled by 12.5 percent m-o-m to 139,518 units, while single-detached
urban starts rose by 2.4 percent m-o-m to 49,786 units. At the same time, rural
starts were estimated at a seasonally adjusted annual rate of 12,669 units, down
3.0 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
