Canadian housing starts held steady for the third straight month in May and the market appears to be headed for a "soft landing" this year, according to Canada Mortgage and Housing Corporation (CMHC).
Canada Mortgage and Housing Corporation (CMHC) today released its 2013 Annual Report, focusing on how the Corporation contributes to market efficiency, a sound and stable housing finance system for Canada, increased housing quality and sustainability, while continuing to deliver federal investments in assisted housing.
Housing starts in Canada dipped by an almost imperceptible 0.6% in April to a seasonally adjusted annual rate of 183,515 units, according to the Canada Mortgage and Housing Corporation (CMHC).
Canadian housing starts slid 3.5 percent to 184,476 units in March compared to 191,126 in February, according to Canada Mortgage and Housing Corporation (CMHC).
Canadian housing starts opened the year trending at 191,456 units in January compared to 194,518 in December, according to Canada Mortgage and Housing Corporation (CMHC).
Housing starts in Canada were trending at 194,014 units in November compared to 195,274 in October, a 0.6% decline, according to Canada Mortgage and Housing Corporation (CMHC).
Housing starts in Canada should stay on a steady track in 2014, according to the Canada Mortgage and Housing Corporation's latest Housing Market Outlook.
Canada Mortgage and Housing Corporation (CMHC) expects total housing starts to be stable in 2014, as fundamentals, such as employment growth and migration, continue to support the Canadian housing market, according to CMHC’s fourth quarter 2013 Housing Market Outlook, Canada Edition.
Housing starts grew 19% in Ontario last month, offsetting declines felt in all otehr urban centers of Canada, according to preliminary data released by the Canada Mortgage and Housing Corporation (CMHC)
New home starts in Canada remained virtually flat in June, increasing by 0,002% to a seasonally adjusted annual rate of 184,514 units, 427 more than in May, according to the Canada Mortgage and Home Corporation..