Mortgage News
Housing starts beat forecasts as market continues to surprise
The number of new homes that got their start in September has come in higher than anticipated, as the housing market continues to top economists’ expectations.
Published
In a recent report from Canada Mortgage and Housing Corporation (CMHC) revealed that September's Canadian housing starts came in at 193,637 on an annualized basis, up from 183,964 in August.
A small increase for the month of September had been forecasted by economists, but the annualized numbers for the month surpassed expectations. The latest increase seems to be fueled mainly by construction of multiple unit structures.
Click here to read the full article from the Globe and Mail.