Here is the latest news on the housing/real estate market for Canada. The presentation will look at housing prices, home resales, mortgage rates, housing starts and building permits
4. • CANADIAN HOUSING STARTS PULLED BACK TO 192,900 ANNUALIZED UNITS IN OCTOBER
ONTARIO PULLED BACK
• BRITISH COLUMBIA IS THE BIG STORY, WITH STARTS FALLING SHARPLY TO 27.6K AFTER PUSHING RECORD LEVELS
(NORTH OF 50K AT ONE POINT) EARLIER IN THE YEAR
•
THE BIGGER PICTURE IS THAT
NON-RESIDENTIAL ACTIVITY CONTINUES TO FADE, WHILE GOVERNMENT ACTIVITY IS STILL HOLDING
RELATIVELY STABLE.
Source – BMO