Canada September housing starts 251.2 vs 256.5K expected

Canadian housing starts from the CHMC

Canada September housing starts
  • 260.2K prior (revised to 262.8K)
  • Multiple starts -4.0%
  • Single detached starts -5.9%

On a trend and monthly basis, the level of housing starts activity in Canada remains high in historical terms. That said, many more homes are needed to cool the market.

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