- Analytics
- News and Tools
- Market News
- Canada’s housing starts decrease in January
Canada’s housing starts decrease in January
The Canada Mortgage and Housing Corp. (CMHC) reported the seasonally adjusted annual rate of housing starts was 207,968 units in January 2019, down from an upwardly revised 213,630 units in December 2018 (originally 213,419).
Economists had forecast an annual pace of 205,000 for January.
According to the report, urban starts decreased 2.1 percent m-o-m last month to 190,912, as single-detached urban starts fell by 10.4 percent m-o-m, to 44,559 units, while multiple urban starts rose by only 0.7 percent m-o-m to 146,353 units. At the same time, rural starts were estimated at a seasonally adjusted annual rate of 17,056 units (-8.2 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
