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Actual | Forecast | Previous | Revised Form | |
| 197K | 186K | 186K | N/A | ||
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For February
Canada’s seasonally adjusted housing starts rose 6.1% m/m to a higher-than-expected 196,700 annualized rate in February from a downwardly revised 185,400 annualized pace in January, according figures from Canada Mortgage and Housing Corporation. The February rise was led by a 19.1% m/m jump to 89,900 units in urban multiple starts and a 0.5% m/m increase to 89,200 units in single urban starts. February housing starts surged 71.0% y/y. |
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| 6/8 | 7/9 | 8/11 | 9/9 | 10/8 | 11/9 | 12/8 | 1/11 | 2/8 | 3/8 | ||
| Actual | 128K | 140K | 132.1K | 150K | 150K | 157K | 158K | 175K | 186K | 197K | |
| Forecast | 127K | 129K | 141K | 138K | 147K | 158K | 156K | 161K | 180K | 186K | |
| Previous | 118K | 128K | 137.8K | 134K | 157K | 149K | 157K | 165K | 175K | 186K | |
| Revised From | N/A | N/A | 141K | N/A | 151K | N/A | N/A | 159K | N/A | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 186K | 180K | 175K | N/A | ||
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For January
From the Release: "The seasonally adjusted annual rate1 of housing starts reached 186,300 units in January 2010. This is an increase from an annual rate of 176,100 units in December 2009, according to Canada Mortgage and Housing Corporation (CMHC). According to final figures, actual housing starts for 2009 totalled 149,081 units, with activity improving as the year progressed. “Housing starts improved in both the singles and multiples segments in January,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “These increases are similar to the ones that occurred in December.” The seasonally adjusted annual rate of urban starts increased by 4.4 per cent to 165,200 units in January. Urban multiple starts increased by 5.7 per cent to 76,300 units while single urban starts increased by 3.3 per cent to 88,900 units."
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Actual | Forecast | Previous | Revised Form | |
| 175K | 161K | 165K | 159K | ||
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For December
From the Release: "The seasonally adjusted annual rate of housing starts reached 174,500 units in December 2009. This is an increase from an annual rate of 164,800 units in November. “The improvement in housing starts was broad based in December,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Solid increases occurred in both single and multiple starts to end the year.” |
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Actual | Forecast | Previous | Revised Form | |
| 158K | 156K | 157K | N/A | ||
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For November
From the Release: "The seasonally adjusted annual rate of housing starts reached 158,500 units in November. This is an increase from 157,400 units started in October, according to Canada Mortgage and Housing Corporation (CMHC). “The improvement in housing starts continued in November,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “Despite a small decline in November’s multiple home construction, overall starts numbers were up due to a solid increase in singles starts.” The November total is the highest of the year." |
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Actual | Forecast | Previous | Revised Form | |
| 157K | 158K | 149K | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 150K | 147K | 157K | 151K | ||
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For September
From the Release: "The seasonally adjusted annual rate of housing starts reached 150,100 units in September compared to 157,300 units in August, according to Canada Mortgage and Housing Corporation (CMHC). “The decline in housing starts in September is attributable to the volatile multiple starts segment,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. “However, starts of single homes, which are a barometer of the trend in housing markets, climbed in September to reach their highest level so far this year. The rebound in existing home sales and the upward trend in new home construction, support our expectation that housing demand has strengthened and that housing starts will be stronger in the second half of 2009.”
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Actual | Forecast | Previous | Revised Form | |
| 150K | 138K | 134K | N/A | ||
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For August
Housing starts came in higher than expected in August, increasing to a seasonally adjusted annual rate of 150,000 from 134,200 in July. Urban starts were up 14% to 131.8K; multiple starts were up 23.8% to 77,600 and single starts up 2.5% to 54,200. Rural starts were estimated at 18,600. Chief Economist at CMHS's Market Analysis Centre notes: "The improvement in housing starts is consistent with our expectation of a stronger second half for 2009."
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Actual | Forecast | Previous | Revised Form | |
| 132.1K | 141K | 137.8K | 141K | ||
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For July
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Actual | Forecast | Previous | Revised Form | |
| 140K | 129K | 128K | N/A | ||
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For June
From the Release: "The seasonally adjusted annual rate1 of housing starts increased to 140,700 units in June from 130,300 units in May, according to Canada Mortgage and Housing Corporation (CMHC). “The increase in housing starts in June is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC. “In addition, Western Canada experienced an increase this month.” Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year."
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Actual | Forecast | Previous | Revised Form | |
| 128K | 127K | 118K | N/A | ||
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For May
From the Release: "The increase in May is broadly based, encompassing both the singles and multiples segments,” said Bob Dugan, Chief Economist at CMHC’s Market Analysis Centre. Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year."
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