Canada: Housing starts expected to rise slightly to 195,000 in November – BMO CM
|Robert Kavcic, Senior Economist at BMO Capital Markets, notes that the Canadian housing starts have been oscillating around the 200,000 annualized mark this year, and are expected to rise slightly to 195,000 in November.
Key Quotes
“While quite stable at the national level, there are two big stories below the surface. First, regions hard hit by the energy-sector downturn are seeing activity well off recent highs (roughly 40% in Alberta’s case, though stabilizing more recently), while British Columbia and Ontario have strengthened this year. The second major trend remains the lack of new detached-home construction in the Vancouver and Toronto markets, where demand has been robust—this is a structural issue that isn’t going to change any time soon.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.