January 16, 2018

Orbex, Canada's housing starts data shows decline by 13.8% during December

Canadian housing starts decline 13.8% in December.

Orbex - What's now?

We are no longer promoting Orbex. The information regarding to Orbex on the website 'Hercules.Finance' maybe outdated. ref. Orbex

This article is originally referred from Orbex Market Recap.

The housing starts data from Canada released last week showed that housing starts slowed during the month of December.

This comes after housing starts posted a strong performance in the previous month. Despite the 13.8% decline on a month over month basis, housing starts data remained reportedly strong for the year.

Data from Canada’s Mortgage and Housing Corp. showed that housing starts declined 13.8% to a seasonally adjusted rate of 216,980 on an annualized basis.

This was down compared to a revised print of 251,675 units seen in the month of November.

Bob Dugan, the chief economists ffrom CMHC said that despite the variation across the country, the national trend in housing starts held steady at its highest levels since 2008.

According to the data, total urban housing starts increased 6.2% in 2017 compared to the year before.

This was largely on account of higher construction activity in condominium and apartment units.

For the year ahead, analysts have painted a gloomy picture noting that housing starts could start to fall.

This comes amid the anticipated higher interest rates and tougher mortgage financing rules.

Original Source: Orbex Market Recap

All Forex Brokers

  • IFC Markets
  • FxPro
  • IronFX
  • Axiory
  • FBS
  • Land-FX
  • MyFX Markets
  • Titan FX
  • Traders Trust
  • XM
  • LMFX
  • FXDD
  • ForexClub
  • KVB Kunlun
  • Tradeview
  • EightCap
  • FXOpen
  • HotForex
  • FXGiants
  • Fortrade
  • CM Trading
  • InstaForex
  • ForexMart
  • Valutrades
  • AvaTrade
  • Yadix
  • RFXT
  • easyMarkets
  • JustForex
  • Swiss Markets
  • FXTM
  • HYCM
  • FP Markets
  • SimpleFX
  • IC Markets
  • Evolve Markets
  • Tickmill
  • Trade
  • UFX
  • Anzo Capital
  • LiteForex
  • 4xCube
  • OctaFX
  • Tifia
  • XTB
  • AAAFx
  • NordFX
  • FXGlory
  • Capex
  • ClickTrades
  • TopstepFX
  • HotForex ZA (South Africa)
  • XMTrading

All Crypto-Currency Exchanges

  • CEX.IO
  • HitBTC
  • Paxful
  • BitMEX
  • C-CEX
  • Binance
  • Cryptopia
  • YObit
  • Wisebitcoin
  • Bibox
  • BKEX
  • CoinPark
  • CoinEx
  • CoinField
  • bybit
  • Bitpanda

This website uses cookies

By using our site, you acknowledge that you have read and understand our Privacy Policy (Cookie Policy), and our Terms of Service.