OTTAWA, ON - Canadian housing starts barely moved in December, declining by an almost imperceptible 670 units to 195,760 units (-0.3% from November), according to the Canada Mortgage and Home Corporation (CMHC).
“The trend in housing starts has remained essentially stable since October 2013. Housing demand continues to be healthy in Canada," said Bruno Duhamel, manager of economic and housing analysis at CMHC. "The trend in existing home sales has been increasing since April 2013, while the trend in inventories of newly completed and unabsorbed homes has been declining at a modest pace since September 2013.”
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