Indicator Showing the Number of New Housing Starts in Canada
Canada| Date | Value | ||
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| Forecast | Actual | Deviation | |
| Date | Related Instruments Price Volatility | |||||
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| 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | ||
Housing starts indicate the number of new residential construction projects initiated in Canada. This data, released monthly by the Canada Mortgage and Housing Corporation (CMHC), is essential for assessing trends in the housing market and construction industry.
An increase in housing starts suggests an active housing market and growth in the construction sector, potentially contributing to overall economic expansion. Conversely, a decrease in housing starts signals a stagnant housing market and a contracting construction industry.
This data is vital for policymakers to monitor housing market trends and develop appropriate monetary and housing policies. For instance, if housing starts decline, the government might consider measures to promote residential construction. Additionally, this indicator is important for businesses and investors to understand housing market trends and make informed economic forecasts and investment decisions.
| Date | Value | Related Instruments Price Volatility | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Forecast | Actual | Deviation | 1 min later | 5 min later | 10 min later | 15 min later | 30 min later | 60 min later | ||
