Canadian housing starts jump 8% in September -CMHC
TORONTO - Canadian housing starts unexpectedly rose in September, climbing 8% compared with the previous month, as groundbreaking increased on multi-unit and single-family-detached projects, data from the national housing agency showed on Wednesday.
The seasonally adjusted annualized rate of housing starts rose to 270,466 units from a revised 250,383 units in August, the Canadian Mortgage and Housing Corporation said. Economists had expected starts to fall to 240,000.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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