CANADA DATA: CIBC World Market’s Emanuella Enenajor says Oct Canadian housing
starts at 204.1 units, was below expectations of 210k and comes after an
upwardly revised 225.2k in September. “Despite low rates and surprisingly
resilient investor demand, housing construction looks to be struggling to attain
new heights in recent months,” she says. CIBCWM looks for for a “softening”
trend for starts through 2013, “as a slowdown in secondary market activity
weighs on homebuidling,” she says.
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