Free Trial

Aug Home Starts Highest Since 2007

CANADA DATA
  • Starts +6.9% to 262,396 units at annualized pace
  • The 6M moving average also rises for 3rd month, to 213,144 from 204,597
  • Housing has shown strength through pandemic, continuing trend before Covid-19 on a mix of good fundamentals like rising population, and other signs of overheating in Toronto/Vancouver
  • Canada Mortgage and Housing Corp. says it still expects starts to slow later this year as Covid hits economy
  • August annualized pace highest since Sept 2007 at 288,644
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.