Canadian housing starts jump 8% in September -CMHC
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1970-01-01 08:00
TORONTO Canadian housing starts unexpectedly rose in September, climbing 8% compared with the previous month, as groundbreaking increased

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 (CMHC) said. Economists had expected starts to fall to 240,000.

(Reporting by Fergal Smith, Editing by Louise Heavens)

Tags economy epus finance canada housing