- Analytics
- News and Tools
- Market News
- Canada’s housing starts decrease more than forecast in August
Canada’s housing starts decrease more than forecast in August
The
Canada Mortgage and Housing Corp. (CMHC) reported on Thursday the seasonally
adjusted annual rate of housing starts was at 260,239 units in August, down 3.9
percent from a downwardly revised 270,744 units in July (originally 272,176 units).
This was the lowest reading since December 2020.
Economists
had forecast an annual pace of 268,000 for August.
According
to the report, urban starts fell 4.7 percent m-o-m last month to 235,782 units,
as multiple urban starts plunged 5.7 percent m-o-m to 173,120 units, while
single-detached urban starts dropped 2.0 percent m-o-m to 62,662 units.
At the same time, rural starts were estimated at
a seasonally adjusted annual rate of 24,457 units.
© 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
